Latest news with #Dexus
Daily Telegraph
4 hours ago
- Business
- Daily Telegraph
Australia's first skyscraper reopens
Australia's first ever skyscraper has undergone an extensive three-year renovation and has now reopened for business. On the steps of Circular Quay, 33 Alfred Street holds a special place in Sydney's history as the first building to break the city's 150-foot height limit and was Australia's tallest building at the time, at 117 metres tall. Since its inauguration by Prime Minister Sir Robert Menzies in 1962 it has stood as a testament to the city's post-war growth, architectural innovation and as a hub for business and commerce. The 26-storey building has undergone an extensive three-year restoration and has now been reopened by NSW Premier Chris Minns, completing the Quay Quarter Sydney office and retail precinct. MORE: New blow for those earning less than $290k 33 Alfred Street's original heritage charm and distinctive design features were retained, with the building's iconic golden facade upgraded using 5,000 specially designed panels, increasing natural light, reducing glare and enhancing views of Sydney Harbour. The floors and building services have also been modernised. MORE: Rents fall in one third of Sydney suburbs Insane amount celebs spend on Aussie homes The building has been redeveloped to achieve 5.5 star NABERS Energy rating for the base building and a 6-Star Green Star – Office As Built v3 rating, with the restoration delivered by Dexus as the development manager and Australian-owned contractor Built. MORE: Mystery buyer of Sydney's skinniest waterfront revealed Dexus' group chief executive officer and managing director Ross Du Vernet said it has been a 'privilege to bring this landmark back to life.' 'The reopening of 33 Alfred Street begins a new chapter for this iconic building as a modern, sustainable workplace for more than 2,500 Sydneysiders,' he said. The reopening of 33 Alfred Street, which is co-owned by Dexus Wholesale Property Fund and Mirvac Wholesale Office Fund, has direct access to the now completed Quay Quarter Sydney precinct which also features the award-winning Quay Quarter Tower and Quay Quarter Lanes. Together, these offer city visitors access to more than 35 cafes, bars, specialty restaurants, casual dining options and lifestyle, health and wellbeing outlets. Scott Mosely, Mirvac's chief executive officer funds management said the transformation is an example of their 'commitment to exceptional quality assets with a focus on sustainable design and long-term investment performance.' 'A Sydney icon for over 60 years, this transformation will ensure 33 Alfred Street remains a Sydney landmark into the future.' The building has been transformed into a 'state-of-the-art' office tower spanning around 32,000 square metres. The re-use of the existing structure has minimised landfill waste and extends the life cycle of the building. MORE: Sydney's friendliest neighbourhood revealed Mum with prize home has surprise dilemma
News.com.au
10 hours ago
- Business
- News.com.au
Australia's first skyscraper reopens
Australia's first ever skyscraper has undergone an extensive three-year renovation and has now reopened for business. On the steps of Circular Quay, 33 Alfred Street holds a special place in Sydney's history as the first building to break the city's 150-foot height limit and was Australia's tallest building at the time, at 117 metres tall. Since its inauguration by Prime Minister Sir Robert Menzies in 1962 it has stood as a testament to the city's post-war growth, architectural innovation and as a hub for business and commerce. The 26-storey building has undergone an extensive three-year restoration and has now been reopened by NSW Premier Chris Minns, completing the Quay Quarter Sydney office and retail precinct. 33 Alfred Street's original heritage charm and distinctive design features were retained, with the building's iconic golden facade upgraded using 5,000 specially designed panels, increasing natural light, reducing glare and enhancing views of Sydney Harbour. The floors and building services have also been modernised. Insane amount celebs spend on Aussie homes The building has been redeveloped to achieve 5.5 star NABERS Energy rating for the base building and a 6-Star Green Star – Office As Built v3 rating, with the restoration delivered by Dexus as the development manager and Australian-owned contractor Built. Dexus' group chief executive officer and managing director Ross Du Vernet said it has been a 'privilege to bring this landmark back to life.' 'The reopening of 33 Alfred Street begins a new chapter for this iconic building as a modern, sustainable workplace for more than 2,500 Sydneysiders,' he said. The reopening of 33 Alfred Street, which is co-owned by Dexus Wholesale Property Fund and Mirvac Wholesale Office Fund, has direct access to the now completed Quay Quarter Sydney precinct which also features the award-winning Quay Quarter Tower and Quay Quarter Lanes. Together, these offer city visitors access to more than 35 cafes, bars, specialty restaurants, casual dining options and lifestyle, health and wellbeing outlets. Scott Mosely, Mirvac's chief executive officer funds management said the transformation is an example of their 'commitment to exceptional quality assets with a focus on sustainable design and long-term investment performance.' 'A Sydney icon for over 60 years, this transformation will ensure 33 Alfred Street remains a Sydney landmark into the future.' The building has been transformed into a 'state-of-the-art' office tower spanning around 32,000 square metres. The re-use of the existing structure has minimised landfill waste and extends the life cycle of the building.
AU Financial Review
22-05-2025
- Business
- AU Financial Review
Big sovereign wealth funds eyed stakes in Melbourne Airport
More than a dozen big international investors, including Canadian pension fund CDPQ and Singaporean sovereign wealth fund GIC, have been revealed as potential acquirers of stakes in Melbourne Airport in a court battle over the future of billions of dollars of assets managed by property group Dexus. The investors signed confidentiality agreements with Dexus last year after the company hired investment bank JPMorgan to handle a sale of some of the holdings it manages on behalf of its own funds and third parties.
Yahoo
21-05-2025
- Business
- Yahoo
Australia's Dexus takes APAC to court over Melbourne Airport stake dispute
(Reuters) - Australia's Dexus said on Thursday it filed a case against the board of Australia Pacific Airports Corporation (APAC) contesting a notice it received last week that alleged breach of confidentiality agreements related to its 27% stake in the Melbourne Airport. Dexus said the court hearing is scheduled for August 11-12. The dispute revolves around Dexus' appointment in 2024 by certain Dexus Bloc shareholders to manage the sale process of their stakes. The company may be forced to sell its stake in the Melbourne Airport if the allegations are upheld. Dexus holds its 27% stake through Dexus Bloc in APAC, the owner of Melbourne and Launceston airports, with Dexus serving as the manager. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
19-05-2025
- Business
- Business Insider
Morgan Stanley Sticks to Their Sell Rating for Dexus (DEXSF)
In a report released today, Simon Chan from Morgan Stanley maintained a Sell rating on Dexus (DEXSF – Research Report), with a price target of A$7.75. The company's shares closed last Tuesday at $3.97. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Chan is an analyst with an average return of -0.5% and a 40.30% success rate. Chan covers the Real Estate sector, focusing on stocks such as Scentre Group, Charter Hall Group, and Dexus. Dexus has an analyst consensus of Hold, with a price target consensus of $5.26. Based on Dexus' latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $560.2 million and a net profit of $10.3 million. In comparison, last year the company earned a revenue of $511 million and had a GAAP net loss of $597.2 million Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is neutral on the stock.
