Abacus Property Group (ASX:ABP) agreed to acquire Portfolio of Five Self Storage Assets in Sydney from Storage King Funds Management Limited for AUD 160 million on July 6, 2021. The portfolio of five assets provides more than 25,000 square metres of net lettable area and comprises of three mature stores located in Chatswood, Artarmon and St Leonards, one store in the later stage of stabilisation located in Dee Why, and one recently developed store located in Pymble. The transaction will be funded from existing debt facilities. The transaction is expected to be settled on August 3, 2021.