Dexus Industria REIT Expands Melbourne Portfolio with AU$47.5 million Acquisition

Dexus Industria REIT (ASX: DXI) announced that at the time of writing it has agreed to acquire two industrial assets in Dandenong South, Victoria, for a combined AU$47.5 million. The fully leased properties, located at 50 Jayco Drive and 15–31 Americain Way, deliver an initial yield of 5.4% and have a blended WALE of 4.8 years.

Both warehouses feature modern high-clearance designs, strong tenant covenants, and prime connectivity to Eastlink and the Dandenong-Valley Highway. The acquisitions strengthen DXI’s exposure to Melbourne’s premier industrial hub, which benefits from Australia’s lowest vacancy rate of 1.3%. Funded through existing debt facilities, the acquisitions are expected to lift look-through gearing by 2.5 percentage points, while remaining below the REIT’s 30–40% target range. Settlement is scheduled for late October 2025. DXI reaffirmed its FY26 guidance of 17.3 cents FFO per security and 16.6 cents distribution per security.

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