Charter Hall and Abacus Property Group each acquire a third

Charter Hall and Abacus Property Group each acquire a third interest in Myer Melbourne property


Charter Hall and Abacus Property Group each acquire a third interest in Myer Melbourne property
By Imogen Bailey | 2 July 2021
Abacus Property Group is set to acquire one third interest in the Myer Melbourne property on Bourke St. 
Simultaneously, Charter Hall will acquire a third interest (as tenants-in-common) with the remaining third share held by the property manager, Vicinity. 
Total consideration for the acquisition is $135.2 million (excluding transaction costs) and reflects approximately $10,157 per square metre of gross lettable area (GLA) and a 6% passing yield. 
"It is pleasing to be able to take advantage of this intergenerational opportunity with longer term repositioning potential," Abacus MD Steven Sewell said of the deal. 

Related Keywords

Melbourne , Victoria , Australia , Charter Hall , Steven Sewell , Abacus Property Group , Myer Melbourne , Bourke Street , மெல்போர்ன் , விக்டோரியா , ஆஸ்திரேலியா , சாசனம் மண்டபம் , ஸ்டீவன் தையல் , பரற்கட்டை ப்ராபர்டீ குழு , மையர் மெல்போர்ன் , போர்க் தெரு ,

© 2025 Vimarsana