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Aust Unity office fund flags $1b merger plan

Nick Lenaghan
Nick LenaghanProperty editor

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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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    Original URL: https://www.afr.com/property/commercial/aust-unity-office-fund-flags-1b-merger-plan-20210707-p587jv