Australian Unity Office Fund Agrees to Major Property Sale

Australian Unity Office Fund (AU:AOF) has released an update.

Australian Unity Office Fund has entered into a binding conditional contract for the sale of its main property at 468 St Kilda Road, Melbourne, with expected net proceeds of $41.5 million. The sale, pending unitholder approval, could result in returns between $1.11 and $1.14 per unit, before a special distribution. This strategic move is backed by a unanimous recommendation from the fund’s directors.

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