AMP Says to Defend Proceedings Filed by Dexus Unit Over Sale of New South Wales Shopping Center

MT Newswires Live

Jul 03, 2025

AMP (ASX:AMP) said it will defend a proceeding filed in the Supreme Court of New South Wales by Dexus Funds Management, a unit of Dexus (ASX:DXS), amid a dispute between a Dexus entity and Macquarie Retail over the sale value of the Macquarie Shopping Centre, according to a Thursday filing with the Australian bourse.

The sale of the New South Wales-based shopping center follows the sale of the company's AMP Capital business.

In the same filing, the company said a new class action lawsuit has been filed in the Federal Court of Victoria against member NM Superannuation proprietary, trustee of superannuation funds AMP Superannuation and insurance policy provider, over allegations of excessive life insurance premiums charged to certain fund members between 2019 and 2024.

Dexus' shares were down almost 1% in recent Thursday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2548884828"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2548884828\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2548884828?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-03 10:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2548884828","market":"sg","top_or_hot":-1,"title":"AMP Says to Defend Proceedings Filed by Dexus Unit Over Sale of New South Wales Shopping Center","media":"MT Newswires Live","content":"<html><body><p> AMP (ASX:AMP) said it will defend a proceeding filed in the Supreme Court of New South Wales by <a href=\"https://laohu8.com/S/DXS.AU\">Dexus</a> Funds Management, a unit of Dexus (ASX:DXS), amid a dispute between a Dexus entity and <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> Retail over the sale value of the Macquarie Shopping Centre, according to a Thursday filing with the Australian bourse.</p><p>The sale of the New South Wales-based shopping center follows the sale of the company's AMP Capital business.</p><p>In the same filing, the company said a new class action lawsuit has been filed in the Federal Court of <a href=\"https://laohu8.com/S/VCCTF\">Victoria</a> against member NM Superannuation proprietary, trustee of superannuation funds AMP Superannuation and insurance policy provider, over allegations of excessive life insurance premiums charged to certain fund members between 2019 and 2024.</p><p>Dexus' shares were down almost 1% in recent Thursday trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMP Says to Defend Proceedings Filed by Dexus Unit Over Sale of New South Wales Shopping Center</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMP Says to Defend Proceedings Filed by Dexus Unit Over Sale of New South Wales Shopping Center\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-07-03 10:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> AMP (ASX:AMP) said it will defend a proceeding filed in the Supreme Court of New South Wales by <a href=\"https://laohu8.com/S/DXS.AU\">Dexus</a> Funds Management, a unit of Dexus (ASX:DXS), amid a dispute between a Dexus entity and <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> Retail over the sale value of the Macquarie Shopping Centre, according to a Thursday filing with the Australian bourse.</p><p>The sale of the New South Wales-based shopping center follows the sale of the company's AMP Capital business.</p><p>In the same filing, the company said a new class action lawsuit has been filed in the Federal Court of <a href=\"https://laohu8.com/S/VCCTF\">Victoria</a> against member NM Superannuation proprietary, trustee of superannuation funds AMP Superannuation and insurance policy provider, over allegations of excessive life insurance premiums charged to certain fund members between 2019 and 2024.</p><p>Dexus' shares were down almost 1% in recent Thursday trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7154","symbol_name":"办公室房地产信托","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2548884828","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548884828","pubTimestamp":1751509202,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"AMP  said it will defend a proceeding filed in the Supreme Court of New South Wales by Dexus Funds Management, a unit of Dexus , amid a dispute between a Dexus entity and Macquarie Retail over the sale value of the Macquarie Shopping Centre, according to a Thursday filing with the Australian bourse.The sale of the New South Wales-based shopping center follows the sale of the company's AMP Capital business.In the same filing, the company said a new class action lawsuit has been filed in the Federal Court of Victoria against member NM Superannuation proprietary, trustee of superannuation funds AMP Superannuation and insurance policy provider, over allegations of excessive life insurance premiums charged to certain fund members between 2019 and 2024.Dexus' shares were down almost 1% in recent Thursday trade.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7154":"办公室房地产信托","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","MQG.AU":"Macquarie","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","BK4585":"ETF&股票定投概念","LU0106831901.USD":"贝莱德世界金融基金A2","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK7510":"REITs概念","BK7511":"ESG概念","BK4135":"资产管理与托管银行","BK4588":"碎股","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","DXS.AU":"Dexus","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","BK7122":"办公房地产投资信托","BK7046":"综合性资本市场","AMP":"阿莫斯莱斯金融","AMP.AU":"AMP LIMITED","BK7112":"其它综合性金融服务","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC"},"translate_title":"AMP表示将为Dexus部门就出售新南威尔士州购物中心提起的诉讼进行辩护","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DXS.AU":1,"AMP":1,"MQG.AU":0.73,"AMP.AU":1},"content_text":"AMP (ASX:AMP) said it will defend a proceeding filed in the Supreme Court of New South Wales by Dexus Funds Management, a unit of Dexus (ASX:DXS), amid a dispute between a Dexus entity and Macquarie Retail over the sale value of the Macquarie Shopping Centre, according to a Thursday filing with the Australian bourse.The sale of the New South Wales-based shopping center follows the sale of the company's AMP Capital business.In the same filing, the company said a new class action lawsuit has been filed in the Federal Court of Victoria against member NM Superannuation proprietary, trustee of superannuation funds AMP Superannuation and insurance policy provider, over allegations of excessive life insurance premiums charged to certain fund members between 2019 and 2024.Dexus' shares were down almost 1% in recent Thursday trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}