Australia's Dexus reviews infrastructure funds as executives 'stood down' amid airport case

AMP

05/06/2026 08:52

    June 5 (Reuters) - Australia's Dexus DXS.AX has commenced a strategic review of its infrastructure funds and mandates transitioned from the 2023 acquisition of AMP Capital's AMP.AX real estate and infrastructure platform, the property firm said on Friday.
Here are the details:
The review of the infrastructure business, which represents A$7.3 billion ($5.20 billion) of funds under management as of 2025-end, will build on fund level work already undertaken, the company said.
Infrastructure makes up about 20% of Dexus’ total third-party funds under management.
Review encompasses five funds, including the Dexus Diversified Infrastructure Trust, and Australia Pacific Airports Fund vehicles and will be conducted by Dexus.
Dexus says the review reflects its commitment to addressing issues that have emerged.
The company also said the New South Wales Supreme Court made orders on Friday to continue the injunction regarding its 27% stake in the Melbourne and Launceston airports till June 22.
Last week, Dexus flagged a compulsory process to offer its 27% stake in the Melbourne and Launceston airports to existing shareholders, after a court upheld a notice tied to an attempted sale of part of the stake to outside investors.
Dexus also said that key executives have been "stood down" while the board and management consider the court decision. The firm did not name the executives. 
($1 = 1.4037 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru; Editing by Harikrishnan Nair)
((Nichiket.Sunil@thomsonreuters.com;))