Dexus Funds Management (ASX:DXS) has agreed to a two-stage completion process in order to acquire Collimate Capital's real estate and domestic infrastructure equity business from AMP (ASX:AMP).
The total consideration is $337M, with $50M deferred until Final Completion which must occur by September 30, 2024.
Dexus has over 35 years of experience in property investment, funds management, asset management and development.
The group has a $15.8B development pipeline and a $62.3B Australasian real estate and infrastructure portfolio (pro forma post Final Completion of the AMP Capital acquisition).