This article is from the Australian Property Journal archive
DEXUS Property Group has raised $658 million from institutional investors and will now open the retail component of its planned equity raising.
The institutional placement raised $90 million from 138.5 million new securities whilst the entitlement offer raised $$568 million from 875 million new securities.
Dexus will issue 139 million new securities and seek to raise $91 million from retail investors.
CEO Victor Hoog Antink following equity raising the group’s pro-forma gearing will fall to 28.8%.
Australian Property Journal
