Dexus

After getting the nod from a judge, the trustee for the Dexus bloc of shareholders in airport operator APAC has lodged an appeal of a finding that it committed a material and irremediable breach of the owners' deed.

A judge has ruled that the trustee for Dexus' airport fund is justified in challenging a court decision that forces a compulsory sale of a $4.5 billion interest in the operator of Melbourne Airport.

Super fund trustee REST Nominees is the first of the Dexus bloc of APAC shareholders to challenge a finding that a default notice issued by the board of the airport operator was valid.

The trustee for Dexus' airport fund is seeking judicial advice on a possible challenge to a court decision forcing it to relinquish a lucrative stake in the operator of Tullamarine.

Dexus and Boral have entered a joint venture to develop the Ravenhall Logistics precinct in Melbourne's west.

Dexus has secured more than $600 million in new capital investments for its flagship fund, including $500 million from a first-time superannuation investor in the fund. 

A senior in-house lawyer at Dexus has rejected suggestions she was “careless” in her role in the sale of shares in Melbourne Airport operator APAC, saying she relied on a subordinate lawyer and others within the business. 

Lawyers assured two Dexus executives that it was OK to share the confidential information of Melbourne Airport operator APAC with proposed purchasers of the real estate asset manager's stake in the company, a court has heard.

Dexus’ industrial real estate trust has bought a half-stake in an industrial estate in NSW for $49.6 million from its manager. 

Airport operator APAC has won access to Q&A logs in a data room set up by shareholder Dexus for prospective buyers, in a dispute over whether the real estate asset manager breached a confidentiality deed.