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New Deal


Announced

Charter Hall and Abacus Group to acquire Australian Unity Office Fund for $335m.

Financials

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Transaction Value£274m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Australia

Public

Scheme

real estate investment trust

office property

Friendly

Acquisition

Pending

Commercial REITs

Single Bidder

Private Equity

Synopsis

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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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