Dexus launches new fund in its opportunity fund series

Dexus has launched Dexus Real Estate Partnership 2 (DREP2).

DREP2 is the second in a series of closed-ended opportunity funds that seek to provide wholesale investors with an enhanced return through exposure to investments in property repositioning, development, special situations and credit opportunities.

It follows the firm’s dedicated opportunity fund, Dexus Real Estate Partnership 1 (DREP1).

DREP1 continues to assess a strong pipeline of opportunities and also announces today residential acquisitions in Melbourne including 41 recently completed apartments in stage 1 of a development in the Melbourne CBD and 79 apartments in a recently completed unit development in Central Melbourne, subject to FIRB approval.

“We continue to see attractive entry points in the residential market, which presents further opportunity for the fund in a capital-constrained investment environment,” said Jason Howes, DREP fund manager.

DREP1 has adopted a discipli