Brief: Dexus Industria REIT Exchanges Contracts To Sell 3 & 4 Forbes Close, Knoxfield, Victoria For A$22.9 Mln

Dexus Industria REIT

16/06/2023 08:02

June 16 (Reuters) - Dexus Industria REIT  DXI.AX :
    * EXCHANGED CONTRACTS TO SELL 3 & 4 FORBES CLOSE, KNOXFIELD,
VICTORIA FOR A$22.9 MILLION
    * IT HAS EXCHANGED CONTRACTS TO SELL 3 & 4 FORBES CLOSE,
KNOXFIELD, VICTORIA FOR A$22.9 MILLION
    * SALE PRICE REPRESENTS A$2.1 MILLION DISCOUNT TO BOOK VALUE
AT
DECEMBER 2022
    * PROCEEDS FROM SALES WILL INITIALLY BE USED TO REPAY DEBT,
REDUCING LOOK-THROUGH GEARING BY APPROXIMATELY 1 PERCENTAGE
POINT
    * DIVESTMENT BRINGS TOTAL SALES CONTRACTED THROUGHOUT FY23
TO
APPROXIMATELY A$250 MILLION
    * SETTLEMENT OF SALE IS ANTICIPATED IN AUGUST 2023

Source text for Eikon:  ID:nASX3vW2HK 
Further company coverage:  DXI.AX 

 ((Reuters.Briefs@thomsonreuters.com;))