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Australian Unity Office Fund ( (AU:AOF) ) has provided an update.
Australian Unity Office Fund has terminated the sale contract for its property at 150 Charlotte Street, Brisbane, after the purchaser defaulted on payment obligations and failed to complete the settlement by the required date. The company will retain the $4.8375 million cash deposit and plans to re-market the property, indicating a strategic move to optimize its asset portfolio and maintain financial stability.
The most recent analyst rating on (AU:AOF) stock is a Hold with a A$0.49 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, managed by Australian Unity Investment Real Estate Limited, operates in the real estate industry focusing on investment and management of office properties. It is a part of Australian Unity Limited, a diversified company providing financial, healthcare, and retirement services.
Average Trading Volume: 165,358
Technical Sentiment Signal: Sell
Current Market Cap: A$69.04M
See more insights into AOF stock on TipRanks’ Stock Analysis page.