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Australian Unity Office Fund ( (AU:AOF) ) just unveiled an announcement.
Australian Unity Investment Real Estate Limited, as responsible entity of Australian Unity Office Fund, has entered into a conditional agreement to sell the Charlotte Street office asset in Brisbane to a fund managed by Dexus Group for $40 million, subject to Foreign Investment Review Board clearance and unitholder approval. The manager will also seek to refresh unitholder approvals to dispose of AOF’s main undertaking, delist from the ASX, and ultimately wind up the fund, with expected aggregate returns to investors of about $0.37 to $0.38 per unit, contingent on settlement of the sale and final wind-up costs.
A notice of meeting and explanatory memorandum is expected in April 2026 ahead of an extraordinary general meeting in May, where unitholders will vote on the proposal, and settlement of the Charlotte Street sale is targeted for May 2026, assuming all approvals are received. The directors of AUIREL intend to recommend that investors support the proposal in the absence of a superior alternative, signalling a continued strategic shift to liquidate the fund’s portfolio and return capital to unitholders.
The most recent analyst rating on (AU:AOF) stock is a Sell with a A$0.32 price target. To see the full list of analyst forecasts on Australian Unity Office Fund stock, see the AU:AOF Stock Forecast page.
More about Australian Unity Office Fund
Australian Unity Office Fund is an Australia-listed real estate investment trust focused on office property assets, managed by Australian Unity Investment Real Estate Limited. The fund targets institutional-grade office buildings, providing investors with exposure to income-generating commercial real estate across key Australian markets.
Average Trading Volume: 47,970
Technical Sentiment Signal: Sell
Current Market Cap: A$55.89M
For detailed information about AOF stock, go to TipRanks’ Stock Analysis page.