GroupΒ andΒ Abacus GroupΒ announced their joint application to develop a podium extension atΒ 201 Elizabeth Street in Sydneyβs CBD, has received approval from theΒ City of Sydney.
Read More »Abacus Property
Abacus Transforms FY23 Balance Sheet to focus on Key Sectors
Abacus released their FY22 results with an 18% gain in funds from operations following a $1.2bn investment spend.
Read More »Abacus Restructures Debt and Finalises Conversion of 2 troublesome Loans
Abacus Property Group has extended its interest rate hedging and debt maturity profiles and finalised the conversion of two troubled sites.
Read More »Abacus Sell St Kilda Rd Asset for $49m
Abacus Property Group has simultaneously exchanged and settled contracts to dispose of a 50% interest in 464 St Kilda Road, Melbourne VIC to co-owner Wing Tai.
Read More »Abacus Raise $200m for Further Deployment to key Sectors
Abacus Property Group have announced a fully underwritten capital raising of $200m to replenish its investment capacity for continued deployment into acquisitions yet to settle and into the identified development and expansion pipeline in its Self Storage portfolio.
Read More »Once-in-a-generation 14ha super site set to hit the market in East Bentleigh
A precinct-defining 14ha site is set to re-shape the East Bentleigh landscape in the largest land sale seen in suburban Melbourne in recent years
Read More »Abacus Grow Earnings by 8.2% from Resilient Self Storage Sector
Abacus announced its results for the half year ended 31 December 2021 with earnings per security up 8.2% from a resilient self storage sector which now comprises over 50% of FUM in the group.
Read More »Abacus Convert Debt to Equity
Abacus Property Group will exit its remaining residential development and mortgage legacy loan positions by converting two loans to equity and in the refinance of a third.
Read More »Abacus acquire Sydney CBD Office and book valuation gains
Abacus Property Group has exchanged contracts to acquire a 100% leasehold interest (296 years remaining) in 77 Castlereagh Street, Sydney NSW, with settlement anticipated in January 2022.
Read More »Abacus adds 22 Self Storage Assets worth $370m
Abacus Property Group has been active of the 1st quarter of FY22 to grow its portfolio of Self Storage locations and to manage operating conditions in its Commercial portfolio due to the Covid-19 related impacts across Australia and New Zealand.
Read More »Valuation Gains Across Abacus Portfolio
Abacus Property Group has recorded a 4.5% gain in value across its portfolio, adding $140m of value.
Read More »Abacus Takes up $160m of Storage King Assets
Abacus has agreed term to acquire another 5 Storage King assets in Sydney for $160m.
Read More »Abacus & Charter Hall Join Vicinity at Melbourne Myer
Abacus Property Group and the Charter Hall Long WALE REIT have each exchanged contracts to acquire a 1/3rds interest in the βMyer Melbourneβ property
Read More »Abacus acquires balance of The Oasis Centre along with 4 storage facilities
Abacus Property Group announces it has exchanged contracts the purchase of the remaining 60% interest in The Oasis Centre, Broadbeach QLD from an affiliate of KKR and separately completed the acquisition of four additional Self Storage facilities.
Read More »Abacus Earnings down but Core Assets contributing to outlook.
Abacus released its results today revealing a decline in Earnings per Share of -14% mostly due to additional securities hitting the register during the period as well as from lower actual earnings rom non core assets.
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