What Abacus Group does

Abacus Group is an Australian landlord-owned, institutionally managed real estate investment trust (REIT) listed on the Australian Securities Exchange (ASX: ABG) under a stapled securities structure comprising units in Abacus Trust and Abacus Income Trust and shares in Abacus Group Holdings Limited and Abacus Group Projects Limited. The company has over 25 years of experience in property investment and funds management, with operations focused on commercial office and retail real estate across Australia. As at 30 June 2025, its portfolio totals $1,876 million across 18 assets (14 office, 2 retail) with 193,111 sqm of accommodation, 92.1% overall occupancy, and a weighted average lease expiry (WALE) of 3.6 years for office and 5.2 years for retail, concentrated in CBDs of Sydney, Melbourne, Brisbane, Adelaide, and Canberra.

The company offers three core products: traditional office leasing (147,522 sqm across 14 assets), retail leasing (45,589 sqm across 2 assets in Victoria and Queensland), and Flex by Abacus, a white-labelled flexible workspace and coworking offering available at select office locations including 14 Martin Place Sydney, 99 Walker Street North Sydney, and The Oasis Broadbeach. Technical and sustainability differentiators include NABERS energy and water ratings, 6-Star Green Star certifications on key assets (Kingsgate at 2 King Street and 710 Collins Street), and Climate Active Network membership for 51 Allara Street Canberra. The Flex by Abacus product uses online booking and billing technology for short-term and flexible lease arrangements and is differentiated by allowing tenants to maintain their own brand identity rather than operating under a co-working operator brand.

Abacus generates revenue primarily through recurring rental income from its owned property portfolio, with pricing negotiated directly with tenants via Portfolio Managers rather than via published rates. The customer base spans enterprise tenants, SMEs and startups, large corporate project-space users, and retail tenants ranging from established brands to pop-ups. Distribution occurs directly through the company website, which offers live property search, virtual tours, and asset enquiry forms, alongside direct engagement through Portfolio Managers and building management teams. Significant securityholders include Ki Corporation, and the company maintains co-investment relationships with ICAM Funds, Heitman, Charter Hall, and Walker Corporation on specific assets. The company completed the internalisation of its Abacus Storage King operations in July 2026 and completed multiple property redevelopment and refurbishment programs between 2022 and 2025.

Name

Abacus Group

Legal name

Abacus Group Holdings Limited

Website

https://abacusgroup.com.au

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

Abacus Group is an ASX-listed Australian REIT (ASX: ABG) operating a $1,876M commercial office and retail property portfolio spanning five states. It earns recurring rental income from traditional leases and a white-labelled flexible workspace offering, Flex by Abacus.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (53112)

SIC

Lessors Of Real Property, Nec (6519), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Office Tenant Representation (BPAJALAA)

Keywords

• Commercial real estate
• Office leasing
• Retail leasing
• Property investment
• Flexible workspace

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Commercial Office Leasing: Rental income from leasing office spaces across 14 assets valued at $1,457 million as at 30 June 2025. Provides 147,522 sqm of office accommodation with 91.1% occupancy and 3.6 year WALE.
2. Retail Property Leasing: Rental income from retail portfolio valued at $419 million across 2 assets providing 45,589 sqm of retail accommodation with 95.5% occupancy and 5.2 year WALE.
3. Flexible Workspace (Flex by Abacus): Short-term and flexible lease arrangements for coworking spaces, meeting rooms, and function spaces within core portfolio assets.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Abacus Group is a landlord-owned, ASX-listed Australian REIT that directly owns, manages, and leases a portfolio of 14 commercial office and 2 retail properties (with 193,111 sqm of accommodation valued at $1,876 million as at 30 June 2025) across prime Australian CBD markets. The company provides traditional long-term office and retail leases as well as Flex by Abacus, a white-labelled flexible workspace offering with fully furnished offices, bookable meeting rooms, and short-term arrangements available at select locations.

Product overview

Abacus Group is a landlord-owned, institutionally managed REIT specializing in commercial and retail real estate investment and property management across Australia. The company offers three core property leasing products: Office Leasing (14 assets, $1,457M valuation, 147,522 sqm), Retail Leasing (2 assets, $419M valuation, 45,589 sqm), and Flex by Abacus - a white-labelled flexible workspace module providing coworking and short-term lease options available at select office locations including 14 Martin Place (Sydney), 99 Walker Street (North Sydney), and The Oasis (Gold Coast). The offering enables tenants to scale up or down, relocate within the portfolio, and access meeting rooms and function spaces through seamless booking and billing technology.

Differentiator

Problem solved

Functional benefit

Brands

• Flex by Abacus: White-labelled flexible workspace offering providing coworking spaces on short-term and flexible lease arrangements, including fully furnished offices, meeting rooms, and kitchen facilities
• Broadbeach Office

Products and services

• Office Leasing Traditional and flexible commercial office leasing across 14 assets valued at $1,457 million as at 30 June 2025, providing 147,522 sqm of office accommodation primarily focused on CBDs of Sydney, Melbourne, Brisbane, with additional assets in Adelaide and Canberra.
• Retail Leasing Retail property leasing across 2 assets valued at $419 million providing 45,589 sqm of retail accommodation located in major metropolitan trading areas of Victoria and Queensland, with 95.5% occupancy and 5.2 year WALE.
• Flex by Abacus White-labelled flexible workspace offering providing coworking spaces on short-term and flexible lease arrangements, with bookable meeting rooms, function spaces, fully furnished offices, high-speed internet, and no operator branding so tenants can display their own brand. Available at select locations including 14 Martin Place (Sydney), 99 Walker Street (North Sydney), and The Oasis (Gold Coast).

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered minor.

• Charter HallminorStrategic or Co-development PartnerPartner for 201 Elizabeth Street asset. Charter Hall is listed as a partner on this Sydney CBD commercial tower with major Hyde Park frontage.
• Walker CorporationminorStrategic or Co-development PartnerDeveloper partner for 710 Collins Street (Goods Shed North) in Melbourne Docklands. Walker Corporation was responsible for the significant refurbishment and development program that converted the 1889 railway warehouse into an A Grade commercial building.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Charter Hall Group: Charter Hall is a major ASX-listed Australian property group with a sizable office platform (Charter Hall Office Trust) alongside diversified sectors. It directly compares on office leasing, capital recycling and is one of Abacus' co-investment partners (201 Elizabeth Street).
• Dexus: Dexus is Australia's largest pure-play office REIT, also ASX-listed, with a CBD-grade office portfolio across Sydney, Melbourne, Brisbane, Perth and Adelaide and a growing flex / coworking offering (Dexus Place). It is the most directly comparable peer to Abacus on tenant base, asset class and geography, and competes for the same premium CBD tenants.
• Cromwell Property Group: Cromwell is an ASX-listed diversified REIT with a substantial Australian and European office portfolio, directly comparable to Abacus on tenant type (corporate/SME office) and on landlord-managed model with co-investor partners (e.g., Heitman-style institutional JVs).
• GPT Group: GPT is an ASX-listed diversified REIT with a large Australian office portfolio (GPT Wholesale Office Fund and GPT Office) alongside retail and logistics. Its office book directly overlaps Abacus' in CBD markets such as Sydney and Melbourne, and it is a comparable platform-scale REIT.
• GDI Property Group: GDI is an ASX-listed, office-focused Australian REIT with a portfolio concentrated in Sydney, Brisbane, Perth and the Gold Coast. It is one of the closest pure-play CBD/office peers to Abacus at a similar mid-cap AUM scale.
• Investa Office Management (Investa / Oxford Properties): Investa is a major Australian office landlord (owned by Oxford Properties / OMERS) managing a prime CBD office portfolio in Sydney, Melbourne and Brisbane. It competes head-to-head with Abacus for premium CBD tenants and on sustainability-driven leasing.

Broad incumbents

• Vicinity Centres: Vicinity Centres is Australia's largest retail REIT, operating CBD and sub-regional shopping centres. It provides a directly comparable benchmark for Abacus' $419M retail book, particularly on occupancy, leasing spreads and foot-traffic-driven asset performance.
• Mirvac Group: Mirvac is a large ASX-listed diversified REIT with meaningful office and retail exposure plus residential and industrial. While broader than Abacus, it is an institutional comparator for Australian CBD office leasing economics and ESG positioning.
• Stockland: Stockland is a large ASX-listed diversified property group with office, retail, logistics, retirement and residential assets. Its commercial portfolio provides a comparable benchmark for Australian CBD office and retail leasing dynamics.
• Centuria Capital Group: Centuria is an ASX-listed investment manager with office (Centuria Office REIT) and industrial platforms. Its office REIT is a direct comparator in the mid-cap Australian office space and shares a similar co-investor / institutional capital model with Abacus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/abacusgroup
• YouTubeyoutube.com/@abacusgroupaustralia
• Facebookfacebook.com/AbacusGroupAustralia
• LinkedInlinkedin.com/company/abacus-group-australia
• Instagraminstagram.com/abacusgroup

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Abacus Group