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Abacus Property secures $200m placement
Property management company Abacus Property has secured a $200 million institutional placement, as well as a share purchase plan.
Lauren Croft
Firm: King & Wood Mallesons (Abacus Property Group)
Value: $215 million
Area: Finance
Key players: The KWM team was led by special counsel Amanda Isouard and partner David Eliakim, with support from senior associate Stacey Stellatos and solicitor Hussien Kassouh.
Deal significance: Abacus Property Group is a diversified Australian real estate investment trust (REIT) with an investment portfolio concentrated in the self-storage and office sectors.
Commenting on the transaction, Mr Eliakim said: “We are grateful to have worked with Abacus on this important transaction. This is the second time that we have acted for Abacus on a capital raising, having also been involved in their $400 million entitlement offer in December 2020.”
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
