Dexus Real Estate Partnership 2 (DREP2)

Suitable for institutional and wholesale investors

Benefits of Dexus Real Estate Partnership 2

Discover how you can capitalise on market disruption and dislocation. 

From dislocation, opportunity arises

DREP2 aims to leverage current market conditions and invest in the most attractive risk-adjusted opportunities, regardless of sector.

Aims to deliver
enhanced returns

The Fund has a target return of 15% per annum (net equity IRR1) and invests throughout the capital structure in situations ranging from distress to growth.  

Strong trading
track record

Dexus has a depth of enhanced return experience through a combination of reposition to sell, develop to sell and higher value use strategies.

Platform strength
and scale

 Dexus's integrated real asset platform offers core asset underwriting and asset management expertise, supported by extensive access to information, acquisition and leasing deal flow.

DREP2 is structured to accommodate institutional investors, with other wholesale clients (as defined in the Corporations Act) also able to gain exposure to DREP2 through a dedicated feeder fund.

Interested in learning more about this unique opportunity for institutional investors and wholesale clients? Submit an enquiry below and one of our investment specialists will be in touch with you.

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Important note: The opportunity to invest in DREP2 or its dedicated feeder fund is only available to investors who are "wholesale clients" within the meaning of the Corporations Act 2001 (Cth). All Applicants who are not institutional investors will be required to provide proof of their wholesale client status in the form of a certificate issued by a qualified accountant within the preceding 2 years stating that they meet the prescribed gross income (A$250,000 p.a. in the previous two financial years) or net assets (A$2.5 million) level. If you are unsure, we recommend that you seek professional advice to determine whether you qualify as a “wholesale client” before making any financial investment decision. If you are not a wholesale client, please disregard this opportunity.

Learn more about the DREP2 opportunity 

Download DREP2 Flyer

Read the DREP2 Media Release

Real investments managed for real results

Investing with Dexus is an investment with one of Australasia’s leading real asset managers, offering access to a diversified real estate and infrastructure portfolio valued at $61.0 billion2.

Our range of high-quality investment opportunities across our retail, institutional, and wholesale funds provide real results backed by real choice, real in-house experts, and real active management.

We're trusted by leading Australian and global institutions and investors to capitalise on market opportunities today with the aim of generating long-term investment performance for tomorrow.

Find out more about Dexus


For more information on DREP2 please contact our team:

Head of Institutional Capital

Natalie Tan

Head of Private Capital

John Taylor

Head of Institutional Distribution AU/NZ

Robert Hamilton

Important note

All information on this website is subject to change without notice. While every care has been taken in the preparation of this information contained in this website, to the extent permitted by law, (Dexus: DXS), each of its related body corporates and their respective director, officers and employees, do not make any representation, express or implied, as to the accuracy, currency, reliability or completeness of any statement in it including without limitation, any forecasts. This content has been prepared for the purpose of providing general information only, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of the information on this website, and seek professional advice, having regard to their objectives, financial situation and needs. The information contained on this website should not be considered to be comprehensive or to comprise all the information which a potential investor may require in order to determine whether to invest in a Dexus fund. This content is not intended for distribution or use in any jurisdiction where it would be contrary to applicable laws, regulations or directives and does not constitute a recommendation, offer, solicitation or invitation to invest.

Photographs, artists’ impressions and details of properties contained in this document should not be interpreted as being owned by DREP2. In particular, images of DREP1 investments and other information regarding DREP1 investments have been included for illustrative purposes only.

The Core Property rating (assigned in December 2023) presented in this document has been prepared and issued by Core Property Research Pty Ltd (“Core Property”), which is an Authorised Representative ASIC number 1280479 of Core Property Research Holdings Pty Ltd (ACN 633 170 751, AFS License No. 518320) (Licensee), and trading as Core Property. Whilst the information contained in the report has been prepared with all reasonable care from sources that Core Property believes are reliable, no responsibility or liability is accepted by Core Property for any errors, omissions or misstatements however caused. Past performance information is for illustrative purposes only and is not indicative of future performance. The Core Property publication is not and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information only. Neither Core Property nor the Participant is aware that any recipient intends to rely on this Report or of the manner in which a recipient intends to use it. To access the full report, please visit The rating is subject to change without notice and Core Property assumes no obligation to update the report.

1. The target return is not a guarantee, forecast or prediction. There can be no assurance that the Fund will meet its target return.

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