Announced
Financials
Tags
Australia
Public
Scheme
real estate investment trust
office property
Friendly
Acquisition
Pending
Commercial REITs
Single Bidder
Private Equity
Synopsis
Charter Hall, an Australian funding company, and Abacus Group, a real estate investment management company, agreed to acquire Australian Unity Office Fund, a real estate investment trust company, for $335m. "The purchase of the fund will work with the repositioning of Abacus to focus on longer-dated leases or income recurring assets," Steven Sewell, chief executive of Abacus Property, said.
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