Dexus to acquire the real estate and domestic infrastructure equity business of AMP for $392m.

Dexus, an Australian Real Estate Investment Trust, agreed to acquire the real estate and domestic infrastructure equity business of AMP, a financial services company in Australia and New Zealand, for $392m. "This transaction will significantly strengthen AMP’s capital position and it intends to use the proceeds to pay down some of its corporate debt and to return capital to shareholders following the sale completion. The capital return will be subject to regulatory and shareholder approval," AMP.