Dexus (ASX:DXS) executed about AU$1.7 billion in transactions across its platform, including AU$1.5 billion in divestments and AU$200 million in acquisitions, according to a Tuesday filing with the Australian bourse.
The company has settled or exchanged around AU$665 million in divestments since June 30, 2024, the filing said.
Key divestments include the sale of Pyrmont property for AU$229 million, Brisbane property for AU$107 million, and Baulkham Hills property for about AU$110 million, the filing added.
These divestments contribute to Dexus's AU$2 billion divestment target for fiscal 2025 to fiscal 2027, the company said.
The sale of its Brookhollow Avenue property generated about AU$35 million in post-tax trading profits, set to be realized in fiscal 2026, DXS added.
Shares of the company fell past 2% in recent Wednesday trade.
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