Nov 26 (Reuters) - Dexus DXS.AX :
* ANNOUNCES ESTABLISHMENT OF A NEW CIRCA $2 BILLION UNLISTED TRUST WITH GIC
* TRUST WILL INVEST IN AUSTRALIAN LOGISTICS PROPERTIES
* TRANSACTION IS EXPECTED TO HAVE AN IMMATERIAL IMPACT ON DEXUS'S AFFO AND DISTRIBUTION PER SECURITY IN FY19
* NEW UNLISTED VEHICLE TO BE KNOWN AS DEXUS AUSTRALIAN LOGISTICS TRUST
* MAINTAINS ITS MARKET GUIDANCE FOR FY19 OF DISTRIBUTION PER SECURITY GROWTH OF CIRCA 5%
* JV WILL BE HAVE ASSETS FROM DEXUS'S EXISTING INDUSTRIAL PORTFOLIO WITH $1.4 BILLION OF CORE LOGISTICS PROPERTIES & $138 MILLION DEVELOPMENT LANDBANK
* DEXUS'S THIRD PARTY ASSETS UNDER MANAGEMENT WILL INCREASE TO $14.3 BILLION
* GIC WILL TAKE A 49% INTEREST IN THE DEVELOPMENT LANDBANK AND FUND ITS SHARE OF DEVELOPMENT SPEND
* IN ITS DIRECT PORTFOLIO, DEXUS WILL RETAIN ITS EXISTING INTERESTS IN SEVEN INDUSTRIAL ASSETS VALUED AT $611 MILLION Source ( https://reut.rs/2AjTcpa) Further company coverage: DXS.AX