Abacus Property Group
| Public company | |
| Traded as | ASX: ABP |
| ISIN | 🆔 |
| Founded 📆 | 1996 in Australia |
| Founder 👔 | |
| Headquarters 🏙️ | , Sydney , Australia |
Areas served 🗺️ | Australia |
Key people | Steven Sewell (Managing Director) Myra Salkinder (Chairman) |
| Revenue🤑 |  A$284.3 million[1] (2020) |
| A$84.7 million[1] (2020) | |
| Total assets | A$245.8 million[1] |
| Total equity | A$1.09 billion[1] (2020) |
| Members | |
Number of employees |  738[2] (2020) |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Abacus Property Group (ASX:ABP) is a ASX 200 public listed company that specialises in investing in Australian REIT with an investment portfolio concentrated in the Office and Self Storage sectors. They manage legacy investments in property developments.
History[edit]
Abacus was established in 1996 and listed on the Australian Securities Exchange in November 2002.
Operations[edit]
It has a single corporate office in Sydney, Australia.
The group's investment portfolio is divided into four divisions: Office spaces, Self-storage facilities, Retail shopping centres and Industrial properties.[3]
The group primarily invests in commercial property assets, such as office towers in Sydney and Brisbane.[4][5][6]
Acquisitions[edit]
In 2020, Abacus acquired Storage King Pty Ltd, buying the remaining $50m of shares. [7]
References[edit]
- ↑ 1.0 1.1 1.2 1.3 "ABP Report 2020" (PDF).
- ↑ https://markets.ft.com/data/equities/tearsheet/profile?s=ABP:ASX
- ↑ https://www.ibisworld.com/au/company/abacus-property-group/9967/
- ↑ ""Public Trustee needs new HQ ahead of $60m tower sale"". Courier Mail. Retrieved 23 April 2021.
- ↑ ""Developers plan post-pandemic office towers"". SMH. Retrieved 23 April 2021.
- ↑ ""Abacus, Public Trustee to Offload Brisbane Office Tower"". The Urban Developer. Retrieved 23 April 2021.
- ↑ ""Abacus takes out Storage King in $50m deal"". Australian Financial Review. Retrieved 23 April 2021.
External links[edit]
Category:Australian brands
References[edit]
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