Update on the conditional sale of 150 Charlotte Street
| Stock | Australian Unity Office Fund (AOF.ASX) |
|---|---|
| Release Time | 15 Apr 2026, 9:32 a.m. |
| Price Sensitive | Yes |
Australian Unity Office Fund Provides Update on Charlotte Street Sale
- Conditional contract signed with Dexus Group for $40M sale of 150 Charlotte Street, Brisbane
- FIRB approval received, FIRB condition satisfied
- AOF Unitholders to vote on proposal to dispose of main undertaking, return proceeds, delist and wind up AOF
Australian Unity Investment Real Estate Limited (AUIREL), as responsible entity of Australian Unity Office Fund (ASX: AOF), has provided an update on the conditional sale of 150 Charlotte Street, Brisbane. On 9 April 2026, AOF announced that it had entered into a conditional contract with a fund managed by the Dexus Group (Purchaser) for the sale of Charlotte Street for $40.0 million (excluding disposal costs and settlement adjustments). The contract was conditional on the Purchaser receiving approval from the Foreign Investment Review Board (FIRB) and approval of AOF unitholders. The Purchaser has now advised AUIREL that it has received FIRB approval, satisfying this condition. AUIREL has also lodged an Explanatory Memorandum and Notice of Extraordinary General Meeting with the ASX to seek refreshed AOF Unitholder approval to dispose of AOF's main undertaking and associated steps with respect to the cessation of AOF's real estate investment business, including the sale of Charlotte Street, returning aggregate proceeds to AOF Unitholders, delisting from the ASX and ultimately winding up AOF. The Extraordinary General Meeting is to be held on Friday, 8 May 2026, and the Directors of AUIREL unanimously recommend that AOF Unitholders vote in favour of the Proposal, in the absence of a superior proposal.