• Dexus launches the Dexus Strategic Investment Trust (DSIT) series
• Dexus acquires 25% interest in Westfield Chermside for $683 million
• Dexus to initially co-invest $170 million in DSIT1, with third-party investors contributing the remainder

Dexus (ASX: DXS) has announced the launch of the Dexus Strategic Investment Trust (DSIT) series, designed to provide investors with access to high-quality Australian assets held for long-term value creation. Dexus has exchanged contracts with Scentre Group to seed the first fund in the series, DSIT1, through the acquisition of a 25% interest in Westfield Chermside, Brisbane for $683 million. This investment follows Dexus Wholesale Shopping Centre Fund's acquisition of a 25% interest in Westfield Chermside in July 2025, bringing Dexus's Platform stake in the asset to 50%. Westfield Chermside is one of Australia's most iconic and dominant retail destinations, serving one of the country's fastest-growing metropolitan catchments. Dexus will initially co-invest circa $170 million into the fund, equivalent to a 49% interest, with third-party investors contributing the remainder. Additional third-party equity is expected to be introduced in FY26, with Dexus targeting a long-term holding of circa $50 million. The initial transaction is expected to be broadly neutral to Dexus's AFFO and increase look-through gearing by circa 1.3%. Dexus also announces that total equity commitments for Dexus Real Estate Partnership 2 (DREP2) have increased to circa $870 million, exceeding the initial $600 million target. This includes a $200 million co-investment commitment from a new fund investor. Additionally, Dexus provides an update on the APAC matter, stating that the New South Wales Supreme Court has rescheduled mediation to occur by no later than March 2026, with the hearing date remaining unchanged, commencing in April 2026.