An undisclosed buyer signed an unconditional contacts to acquire 63 Ann Street in Surry Hills, New South Wales from Abacus Group (ASX:ABG) on January 23, 2024. As part of the agreement, Abacus Group is also selling its remaining 50% interest in Ashfield Mall, Ashfield NSW to Mintus Pty Ltd. The disposal of two non-core Commercial assets is for a net consideration of approximately AUD 107 million. The proceeds from the sale will be utilized to reduce debt The transaction is expected to close in February 2024.
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- An undisclosed buyer signed an unconditional contacts to acquire 63 Ann Street in Surry Hills, New South Wales from Abacus Group.