Business
ASX rises; Fortescue hits record; CBA takes $300m hit – The Australian Financial Review
The Australian sharemarket is firmer on strength in CBA and iron ore miners. Macquarie says market uncertainty hits first quarter earnings. Fortescue beats exports target and leapfrogs Wesfarmers as WA’s largest listed company. Building approvals at eight yea…
Dexus will sell six industrial properties to Dexus Australia Logistics Trust for $269.4 million at a passing yield of 5.3 per cent.
Dexus holds a 50.1 per cent interest in the unlisted trust, which was established in 2018 as a joint venture with the Singaporean sovereign wealth fund GIC.
The terms of the deal will see two and a half of the properties shift balance sheets in October, with the remaining interests subject to a put and call option that matures in the middle of calendar 2021.
A si…
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