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Announced

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

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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