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Company News Summary

Dexus Announces Sale of 10 Eagle Street, Brisbane

06 Apr 2021  |  09:23:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Sale of 10 Eagle Street Brisbane

Dexus announced that it conditionally exchanged contracts to sell 10 Eagle Street, Brisbane on 1 April 2021. The asset is owned by the Company Office Partnership, in which Company holds a 50% interest. The sale will realise proceeds of $285m, with Company's net sale proceeds being used to repay debt. The sale was the result of a competitive, on market sales process with settlement expected in May 2021.

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