Dexus Development Fund No. 2
Dexus Development Fund No. 2
At a glance
Established
April 2007
Type of fund
Closed
Strategy
Identify and undertake development opportunities across various property sectors around Australia.
Status
Closed
Life
7 Years
Equity commitment
$58 million
Projects
150 Collins Street, Industry Village
Real Estate Securities Contact
Dexus Investor Services
150 Collins Street
Westpac Banking Corporation was secured as the anchor tenant of 150 Collins Street, Melbourne.
150 Collins Street is located at the prestigious Paris end of Collins Street behind the historical Scots Church on the North West corner of Collins and Russell Streets, Melbourne.
The development comprises approximately 20,000 sqm office space and is designed to meet the highest environmental standards with 5 star NABERS and 6 star green star ratings.
On 5 July 2012, the building was sold to the GPT Wholesale Office Fund on a forward funded basis.
Industry Village
A 3.3 ha site located in Port Melbourne, close to the Melbourne CBD and the Westgate Freeway. The site is bounded by Ingles, Fennel and Bertie streets.
The site was zoned light industrial but now falls within the new Capital City zone.
Four stages of the original development plan for Industry Village were completed and settled. A new planning permit for a mixed use development is currently being progressed.