Abacus Property Group says it is on track for the proposed de-stapling of the Groups' Self Storage assets into Abacus Storage King (ASX:ASK)
Read More »Abacus Property
Abacus Moves to List its Storage Assets
Abacus Group has announced its intention to create a new ASX listed Self Storage REIT to be known as Abacus Storage King REIT (ASK) to hold the 127 self storage assets currently owned by Abacus.
Read More »Abacus Feels Impact of Higher Interest Costs in 1H23
Abacus announced their results for 1H23 delivering FFO of $81.4 million, up 0.4% on HY22 and FFO per security of 9.1 cents, down 7.0% on HY22.
Read More »201 Elizabeth St, Sydney, receives DA approval
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 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 »