Dexus Finance Expands with New Fund and Investment in Westfield Chermside

Dexus Finance Pty Limited announced the launch of its new Dexus Strategic Investment Trust (DSIT) series, beginning with a significant acquisition. The initial fund, DSIT1, includes a 25% stake in Westfield Chermside, Brisbane, valued at $683 million. This acquisition boosts Dexus's overall stake in the center to 50%, marking it as a key asset in Dexus's portfolio.

Westfield Chermside is notable as Australia's second-largest regional shopping center, known for its sales and gross lettable area. This investment aligns with Dexus's strategy of long-term value creation through quality Australian assets. The settlement is anticipated by December 23, 2025, with Dexus initially investing approximately $170 million.

Additionally, Dexus has successfully increased equity for the Dexus Real Estate Partnership 2 (DREP2) to about $870 million, surpassing its initial target. This expansion underlines investor confidence in Dexus's capability to deliver substantial returns across the Australian real estate sector.