Dexus Property Group, one of Australia's largest office trusts, will seek to raise up to A$750m in a rights issue - its second raising since December.

Investment banking sources said Dexus was thought to be pricing the issue at 65c a unit -- a 22% discount to Monday's closing price of 83.5c.

Trading in Dexus halted yesterday pending an announcement, and the company was expected to inform the market of its raising today.

Market sources said Dexus was looking at an entitlement offer to raise the money, possibly for acquisitions.

The Australian