Street Talk

Australian Unity property pair ink $1.2b merger, deal by Christmas

Anthony Macdonald, Yolanda Redrup and Kanika Sood

Oct 3, 2021 – 9.35pm

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Two Australian Unity property funds have formally agreed to tie the knot and create a $1.2 billion diversified listed A-REIT by Christmas.

It is understood Australian Unity Office Fund and its sister, Australian Unity Diversified Property Fund, signed a formal merger implementation agreement over the weekend and will tell investors the news as early as Monday.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au