Jun 16, 2026 – 6.31pmD is for drama at embattled infrastructure and real estate giant Dexus, even among its long-standing advisers.Street Talk understands that investment banks have been pitching the Warwick Negus-led board hard in recent weeks for the job to review Dexus’ infrastructure funds, which it acquired from AMP Capital in its quest to become a fully integrated real asset group.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
One in, one out as banks jostle for Dexus infrastructure funds mandate
Investors are privately questioning how much strategic value remains from the acquisition, and looking to management to provide a credible path forward.
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