AAP
Dexus Property Group has sold five of its six remaining European industrial properties for a total of €16.5 million ($A21.72 million).
Dexus, which specialises in owning, managing and developing office, industrial and retail properties, said the properties were all in France: four in Paris and one in Lyon.
Chief executive officer Darren Steinberg said the sale "delivers on our strategic objective of divesting out of our non-core offshore markets and concentrating on our preferred Australian CBD office markets".
The proceeds will be used to repay debt, Dexus said.
The sale follows the divestment of the group's remaining US industrial property in April 2013.
Dexus' one remaining European property, located in Berlin and 100 per cent leased to DHL, is being marketed for sale.