Dexus to acquire an additional 25$ stake in Westfield Warringah Mall for $298m.

Dexus, a real estate investment trust, agreed to acquire an additional 25$ stake in Westfield Warringah Mall, a shopping centre in the suburb of Brookvale, for $298m. “This acquisition increases DWPF’s interest in a well-performing super regional retail asset which is expected to benefit from embedded development opportunities. The acquisition represents relative value compared to other asset classes in a post pandemic environment," Michael Sheffield, DWPF Fund Manager.