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Abacus opens the door to $3b self-storage REIT

Nick Lenaghan

Real estate investors will get a fresh chance to invest into the booming self-storage market, through a plan by property fund manager Abacus Property Group to spin out its Storage King facilities into a $3 billion listed property trust.

The de-stapling move, as it is known, could also help release inherent value in the $2.5 billion Abacus’ own stock, which with other listed property trusts has been trading at a heavy discount to its asset values, as it battles the impact of surging interest rates.

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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com

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    Original URL: https://www.afr.com/property/commercial/abacus-opens-the-door-to-3b-self-storage-reit-20230216-p5cl4t