Office and industrial property behemoth Dexus is confident workers will return to their desks when lockdowns are a thing of the past but any leasing tensions in the sector will be offset by growth in its diversified $25 billion funds management platform.
DGAP-Adhoc: Dexus Finance Pty Limited: March 2021 quarter update - Initiatives progressed to expand Funds Management business
Dexus Finance Pty Limited: March 2021 quarter update - Initiatives progressed to expand Funds Management business
04-May-2021 / 06:45 CET/CEST
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Dexus (ASX: DXS)
Dexus today announced an update for the quarter ended 31 March 2021.
In Australia, the March 2021 quarter saw the commencement of the COVID-19 vaccine roll out and an increase in physical occupancy across CBD office locations. Positive economic indicators point to a continued economic recovery, reflected in growing employment numbers, increasing house prices and a rebound in business and consumer confidence.
Dexus and property group HomeCo have extended their reach with new assets and a $1 billion equity raise into the fast-growing healthcare and wellness sector.