Dexus · ASX:DXS

Dexus — DB RREEF Trust — Corporate Update (December 2006)

10 slides from Dexus's corporate update, December 2006

  1. Slide 1: DB RREEF Trust: Two New International Initiatives

    DB RREEF Trust Two New International Initiatives December 2006 DB RREEF Funds Management Limited ABN 24 060 920 783 As Responsible Entity

  2. Slide 2: Contents

    Contents 1. German logistics portfolio 2. USA development Liverpooler/Kopenhagener/Osloer Straße, Duisburg Page: 2

  3. Slide 3: German logistics portfolio

    DB RREEF Managed in partnership with Deutsche Bank

  4. Slide 4: German logistics portfolio - overview

    German logistics portfolio - overview ƒ 14 properties geographically diversified ƒ Acquisition price: €141.3m1 (A$237.5m2) ƒ Off market transaction ƒ Initial yield 6.6%1 ƒ Acquisition effective: 1 January 2007 ƒ Debt funded using existing facilities ƒ Assets managed by RREEF Ellhofen 1 Pre acquisiti

  5. Slide 5: German logistics portfolio – property overview

    German logistics portfolio – property overview ƒ 14 properties ƒ 22 tenants ƒ Total lettable area: 261,333m2 ƒ Total land area: 87.61ha ƒ Development land included above: 18.6ha ƒ Occupancy: 92% ƒ Weighted average lease term to expiry by income: 6.2 years ƒ Portfolio includes three pre-committed dev

  6. Slide 6: German logistics portfolio – location map

    German logistics portfolio – location map Unna Berlin / Wustermark Langenweddingen Duisburg Düsseldorf / Langenfeld 2x Friedewald Löbau Worms Knetzgau Ellhofen 3x Page: 6

  7. Slide 7: German logistics portfolio – asset statistics

    German logistics portfolio – asset statistics City No. Site area NLA Avg Passing Gross Valuation ha 000’sqm Rent €m €/sqm/yr Berlin 1 4.290 10.141 71.42 10.57 Duisburg 1 4.937 27.090 47.99 19.32 Düsseldorf 1 2.869 13.781 78.73 16.20 Ellhofen 3 12.390 67.393 43.10 35.25 Friedewald 1 22.006 15.539 25.

  8. Slide 8: US development

    DB RREEF Managed in partnership with Deutsche Bank

  9. Slide 9: US development

    US development Summit Oaks, Valencia, California USA ƒ Speculative suburban office development ƒ Class-A, 139,392sft, 5 level office building ƒ 380 space, 3 level carpark ƒ Site area: 4.9 acres ƒ Estimated cost: US$48m ƒ Forecast yield on cost: 8.3% ƒ Estimated completion: 2rd Qtr 2008 ƒ DRT ownersh

  10. Slide 10: Important Information

    Important Information This presentation is issued by DB RREEF Funds Management Limited (DRFM) in its capacity as responsible entity of DRT. It is not an offer of securities for subscription or sale and is not financial product advice. Information in this presentation including, without limitation, a

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