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An update from Australian Unity Office Fund ( (AU:AOF) ) is now available.
Australian Unity Investment Real Estate Limited has secured unitholder approval to dispose of Australian Unity Office Fund’s main undertaking and to delist the fund from the Australian Securities Exchange. This marks the formal commencement of the fund’s exit from its office real estate investment strategy and the run-off of its remaining assets.
The manager will proceed with the sale and settlement of AOF’s last property at 150 Charlotte Street in Brisbane, making the transaction unconditional following Foreign Investment Review Board and unitholder approvals. Net proceeds from the asset sale and other balance sheet assets, estimated at between $0.37 and $0.38 per unit subject to settlement and wind-up costs, are expected to be returned to investors primarily via compulsory unit redemptions from mid to late June 2026, ahead of delisting, winding up and eventual deregistration of the fund.
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 is an Australian-listed real estate investment trust managed by Australian Unity Investment Real Estate Limited. The fund focuses on owning and managing office properties, providing investors with exposure to commercial real estate income and capital returns in the Australian market.
Average Trading Volume: 189,931
Technical Sentiment Signal: Sell
Current Market Cap: A$59.18M
See more insights into AOF stock on TipRanks’ Stock Analysis page.