Property management company Abacus Property has secured a $200 million institutional placement, as well as a share purchase plan.
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 is the commercial content writer within Momentum Media’s professional services suite, including Lawyers Weekly, Accountants Daily and HR Leader, focusing primarily on commercial and client content, features and ebooks. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications. Born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling.
