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ASX BRIEFS

DEXUS CONVENIENCE RETAIL REIT (DXC) - Transforming Real Estate Investment: Fund Manager Jason Weate on Strategic Asset Portfolio, Innovative Capital Recycling, and Future Growth in Australia

13 Dec 2024

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Send us a textJoin us to hear how Jason Weate, a Fund Manager from Dexus Convenience Retail REIT, is reshaping the landscape of real estate investment trusts (REITs) in Australia. With a portfolio worth $741 million, DXC stands out with its strategic investments in high-quality service stations and convenience retail assets. Jason highlights the REIT’s old-school approach to generating secure income and the successful partnerships with top brands like 7-Eleven, Chevron, and McDonald's, offering investors a tantalizing distribution yield of around 7%. He shares insights into the recent divestment of seven assets as part of DXC's innovative capital recycling strategy and the exciting Glasshouse Mountains redevelopment project, which promises to revolutionize service centers with premium dining options and state-of-the-art EV charging facilities.Join us as Jason unveils the factors driving DXC's decisions and the REIT’s commitment to enhancing its portfolio's value. He explains how core locations in major cities are key to capturing growth opportunities, particularly with the upcoming Brisbane Olympics. Get a sneak peek into the future of service centers with DXC’s flagship Glasshouse Mountains project, set to feature a stellar lineup of quick-service restaurants and modern amenities like EV chargers. Discover how DXC fosters long-term partnerships with national and international tenants, ensuring tenant satisfaction and stability in a competitive retail environment. This episode is a must-listen for anyone interested in the evolving dynamics of real estate investments.

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