Institutional investors are turning back to office property as asset values start to improve, with a $600 million injection into a Dexus wholesale fund the latest in a string of capital moves in the past two months.
The investments – including from a super fund that put $500 million into the $13 billion Dexus Wholesale Property Fund – were all secondary trades, meaning the new investors bought out existing ones in the fund with a 49 per cent exposure to office assets including Sydney’s 25 Martin Place tower.
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