Abacus Property raises $75 million in share sale

The proceeds will help finance property acquisitions.

Abacus Property Group raised $75 million in a share sale to buy more buildings, including seven properties it plans to acquire in Queensland, Victoria and New South Wales.

Abacus sold 33.5 million securities at $2.24 each, a 3.3 per cent discount to the 10-day volume weighted average, the company said in a statement to the ASX.


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