Dexus Secures 80 Collins Street

Following last year’s acquisition of 52 and 60 Collins Street, Dexus has made another big play purchasing the 80 Collins Street precinct for a total of $1.476 billion, with the first tranche of payment at $1.09 billion settled last week.

Dexus will acquire 75% of ownership interest while Dexus Wholesale Property Fund acquires 25% of ownership interest. This increases office stock owned or managed by Dexus to about 20% of total stock in Melbourne CBD’s Eastern Core.

The property…