NewsBite

Aust Unity office fund flags $1b merger plan

Nick Lenaghan

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.

Loading...
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

Read More

Latest In Commercial

Fetching latest articles

Most Viewed In Property

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