Aust Unity office fund flags $1b merger plan
Nick LenaghanProperty editor
The $400 million Australian Unity Office Fund, the target of several takeover bids over the past three years, has flagged a potential merger with another Australian Unity-run unlisted fund that would nearly double its portfolio.
The merger option is the outcome of a strategic review the ASX-listed property trust began in February as it searches for ways to bolster its flagging stock price.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
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