Street Talk

Nick Bolton’s new target is Australian Unity Office Property Fund

Sarah Thompson, Kanika Sood and Emma Rapaport

Mar 21, 2024 – 4.00pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

Nick Bolton, a long-time activist investor backed by media mogul Antony Catalano, has been buying shares in Australia Unity Office Fund, the subject of a protracted wind-down process, Street Talk can reveal.

Bolton, fresh off scoring a win at Magellan Global Fund, was among buyers behind the office property REIT’s heightened trading volumes this week. Nearly 730,000 shares changed hands on Wednesday alone, or six times the average volume over the past 90 days. Barrenjoey’s desk was active in the trading.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.