This article is from the Australian Property Journal archive
DEXUS has settled on the sale of a Macquarie Park office complex for $231.2 million.
Dexus sold the 11 Talavera Rd Macquarie Park in February this year to Goodman in an off market transaction.
The property has three buildings with a total net lettable area of 35,832 sqm, with typical floorplates of 2,500 sqm and 1,049 on-site parking spaces.
Dexus has submitted a development application for a new 26,000 sqm tower on the site, but later decided that it was no longer a non-core market for the group.
The sale proceeds will initially be used to repay debt and will progressively fund projects in its pipeline of development opportunities.
