The Dexus Property and ING Office funds have taken advantage of the fall in interest rates by tapping the market for up to $800m in capital raisings to retire debt from their balance sheets.

ING Industrial Fund is also believed to be reviewing a number of capital initiatives.

Dexus, ING Office and ING Industrial trust all requested trading halts yesterday until the start of trade on Friday morning.

Dexus, the country's sixth-biggest real estate investment trust, revealed it was looking to raise as much as $329 million through an issue of new securities priced between 75c and 77c.

Dexus will use some of the cash for its development pipeline, which includes the Space office project at 1 Bligh Street in Sydney, which is to be the new home for Clayton Utz.

The Age