Innovative Dexus makes most of scale, flexibility and genuine relationships
Posting a strong balance sheet resulting from its asset management, development and trading capabilities, Dexus derives most of its earnings from a high-quality Australian property portfolio worth A$12.2 billion
Investors seeking real estate investments that have strong economic ties with Asia-Pacific can take a look at Australia’s commercial property sector. With low office vacancy rates, the asset class is on the upside, and leading real estate investment firm Dexus is in a solid position to ensure the success of investors and developers interested in Australia’s property segments.
Posting a strong balance sheet resulting from its asset management, development and trading capabilities, Dexus derives most of its earnings from a high-quality Australian property portfolio worth A$12.2 billion (HK$75.7 billion). Its A$12.7 billion funds management business provides Dexus with annuity-style income, while a A$4.3 billion group property development pipeline continues to enhance portfolio quality and returns for Dexus and its clients.
“We derive income primarily from office buildings,” says Darren Steinberg, CEO. “Focusing on our customers, we provide more than just a building. We introduce novel initiatives such as car sharing and priority access to childcare services. The scale and flexibility that we have enables us to provide additional benefits to tenants ensuring they remain in a Dexus building.”
One of the company’s key projects, Dexus Place, offers modern facilities with the latest collaborative technology. Companies can lease a space for meetings, training or events, treating it like an extension of their own workplace.
“Our customers can lease spaces for as short as half an hour to more than 10 years,” Steinberg says.
Nurturing valuable relationships with Asian investors for more than 20 years, Dexus has established networks in Hong Kong, Singapore and South Korea, and has consistently delivered long-term total return performance above respective benchmarks.
“The interest in Asia comes from the scale and quality of our portfolio, and the performance we generate from the properties,” Steinberg says. “We’re getting a lot of inbound sales inquiries from overseas investors looking to buy real estate or interested in joint ventures, so our doors are open.”