Dexus today announced that it has secured global investment manager M&G Real Estate as a new investor on its funds management platform, purchasing Future Fund’s 50% interest in the Dexus Industrial Partnership (“Partnership”).
M&G Real Estate has £31.7 billion of assets under management and nine offices across Europe and Asia.
The Partnership was established in June 2014 and seeded with a prime industrial development opportunity in Quarrywest, Greystanes. Since its establishment, Dexus has delivered a return in excess of the Partnership’s target.
The Partnership has benefited from Dexus’s integrated model of investment and development management, which has enabled it to grow through acquisition and development.
Dexus was assisted by JLL in the introduction of M&G Real Estate.