• Conditional sale of 150 Charlotte Street, Brisbane for $40 million
• Intention to refresh AOF unitholder approvals for sale of main undertaking and delisting
• Expected aggregate proceeds of $0.37 to $0.38 per AOF unit

Australian Unity Investment Real Estate Limited (AUIREL), as responsible entity of Australian Unity Office Fund (AOF), has announced the conditional sale of 150 Charlotte Street, Brisbane for $40 million to a fund managed by the Dexus Group. The sale is conditional on the purchaser receiving approval from the Foreign Investment Review Board (FIRB) and approval from AOF unitholders. AUIREL also intends to refresh the approvals from AOF unitholders to dispose of AOF's main undertaking and delist from the ASX before proceeding with the sale of Charlotte Street or the delisting and winding up of AOF. If the proposal is implemented, AUIREL expects to return aggregate proceeds to AOF unitholders of between $0.37 to $0.38 per AOF unit, assuming settlement of Charlotte Street for $40 million. The final amount returned to unitholders may be higher or lower than this amount, subject to settlement risk and the final costs of termination and winding up AOF.