Last A$2.96 AUD
Change Today +0.01 / 0.34%
Volume 2.9M
As of 12:10 AM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

Transactions by ABACUS PROPERTY GROUP (ABP) in the last 6 months

Announced 11/26/14
40.00M for Wharf 10 At Sydney's Pyrmont Precinct
Merger/Acquisition

MarksHenderson Funds Management Pty Ltd acquired Wharf 10 at Sydney's Pyrmont precinct from Abacus Property Group (ASX:ABP) and Heitman LLC for AUD 40 million on November 26, 2014. The property reported rental income of AUD 3.05 million in 2013. Michael Stokes of Chesterton International Pty Ltd and James Aroney of Jones Lang LaSalle acted as real estate agents for the transaction.


ABP's price was unchanged after the transaction was announced on 11/26/14.
Investor / Buyer
MarksHenderson Funds Management Pty Ltd
Creditor / Lender
Abacus Property Group
Heitman LLC
 
Announced 11/20/14
33.00M for 95 and 117 Mina Parade, Alderley
Merger/Acquisition

Tim Gurner agreed to acquire 95 and 117 Mina Parade, Alderley from Abacus Property Group (ASX:ABP) for approximately AUD 33 million in cash on November 20, 2014. Mike Walsh and Peter Court of CBRE acted as real estate advisors in the transaction.


ABP's price was unchanged after the transaction was announced on 11/20/14.
Creditor / Lender
Abacus Property Group
 
Announced 10/9/14
310.00M for Birkenhead Point Shopping Centre and Marina
Merger/Acquisition

Mirvac Group (ASX:MGR) entered into an agreement to acquire Birkenhead Point Shopping Centre and Marina from Abacus Property Group (ASX:ABP) and Kirsh Group for AUD 310 million on October 9, 2014. The transaction is subject to regulatory approval and other conditions. The transaction is expected to close in November 2014.


ABP's price was unchanged after the transaction was announced on 10/9/14.
Investor / Buyer
Mirvac Group
Creditor / Lender
Abacus Property Group
Kirsh Group
 
Announced 08/29/14
Oasis Retail Centre at Broadbeach
Merger/Acquisition

Abacus Property Group (ASX:ABP) agreed to acquire Oasis retail centre at Broadbeach from Brookfield Asset Management Inc. (TSX:BAM.A) on August 29, 2014.


ABP's price was unchanged after the transaction was announced on 08/29/14.
Investor / Buyer
Abacus Property Group
Creditor / Lender
Brookfield Asset Management Inc.
 
Announced 08/18/14
120.00M for Towers 2, 3 and 4 of the World Trade Centre, Melbourne
Merger/Acquisition

Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) and Abacus Property Group (ASX:ABP) entered into definitive transaction documents to acquire a 70% interest in Towers 2, 3 and 4 of the World Trade Centre, Melbourne from Asset 1 WTC Pty Ltd. for approximately AUD 120 million on August 18, 2014. The consideration is excluding closing costs. Under the terms of the venture, KKR will fund 75% of the equity and Abacus will fund the remaining 25% equity. The transaction is subject ...
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ABP's price was unchanged after the transaction was announced on 08/18/14.
Investor / Buyer
Abacus Property Group
KKR & Co. L.P.
Creditor / Lender
Asset 1 WTC Pty Ltd.
 
Announced 07/4/14
94.00M for 18 Level Commercial Office Building at 484 St Kilda Road
Merger/Acquisition

GROCON PTY LTD and UBS Global Asset Management (Australia) Ltd entered into a contract to acquire 18 Level Commercial Office Building at 484 St Kilda Road from Abacus Property Group (ASX:ABP) and Heitman LLC for AUD 94 million on July 4, 2014. The deal is expected to close in September, 2014. James Kaufman of JLL and Paul Henley and Stephen Imrie of Knight Frank handled the sale.


ABP's price was unchanged after the transaction was announced on 07/4/14.
Investor / Buyer
GROCON PTY LTD
UBS Global Asset Management (Australia) Ltd.
Creditor / Lender
Abacus Property Group
Heitman LLC
 
 

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ABP:AU A$2.96 AUD +0.01

ABP Competitors

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Company Last Change
Aveo Group A$1.99 AUD +0.025
Charter Hall Group A$4.68 AUD +0.01
Charter Hall Retail REIT A$4.25 AUD +0.11
Cromwell Property Group A$1.06 AUD +0.02
Shopping Centres Australasia Property Group A$1.88 AUD -0.015
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Industry Analysis

ABP

Industry Average

Valuation ABP Industry Range
Price/Earnings 11.4x
Price/Sales 3.3x
Price/Book 1.0x
Price/Cash Flow 11.6x
TEV/Sales 1.5x
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