Dexus has commenced marketing for its new Dexus Real Estate Partnership 1 Australia property fund, which will offer exposure to value-add, development and special situation opportunities to investors.
The Australian firm will invest up to A$100 million ($72 million) in the new fund, Louise Murray, senior manager of communications for Dexus, confirmed in an email. The firm is the first investor in the fund.
“We are in early phases of our capital raising, with strong early interest from investors,” noted Murray. “Dexus has established investor relationships in the region and globally through its funds management platform.”
The firm declined to disclose a fundraising target.
Dexus’ strategy is to deliver risk-adjusted returns for investors from high-quality real estate in Australia’s major cities. The firm has two strategic objectives that underpin this strategy, which include being a leading owner and manager of Australian office property and be
