Australian real estate investment trust Dexus Industria REIT (DXI) has sold the last two properties in its Brisbane Technology Park (BTP) in Queensland to Exceed Capital for A$44.8m (€25m).
The sale of the last two buildings in Eight Mile Plains brings the total divestment to 13 properties for a total net price of A$155.5m.
ASX-listed DXI had recently sold 11 properties in the technology park in the outskirts of Brisbane to asset manager Corval, which has launched the close-ended Brisbane Technology Park Fund to hold the assets.
DXI said the total sale price reflected a 4.1% discount to an independent valuation as at 30 June 2025.
Gordon Korkie, DXI fund manager, said: “This sale marks a pivotal step in DXI’s evolution. With a sole focus on industrial assets, we are well-positioned to drive long-term growth and resilience through targeted reinvestment and development.
“DXI’s balance sheet is well positioned to fund our existing development pipeline and redeploy capital into higher-growth industrial opportunities, such as the recently announced acquisition of Glendenning, aligned with our long-term strategy.”
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