AOF – Australian Unity Office Property Fund
listed, unlisted… all rather sad.
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AOF is looking to a windup proposal that could be put to shareholders as early as this month, and require 50 per cent of the register to agree to be successful. The preparations come as AOF closes in on a sale of its 64 Northbourne Avenue tower in Canberra, which would leave it with just one property in St Kilda in the portfolio that hasn’t been sold.
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AOF is looking to a windup proposal that could be put to shareholders as early as this month, and require 50 per cent of the register to agree to be successful. The preparations come as AOF closes in on a sale of its 64 Northbourne Avenue tower in Canberra, which would leave it with just one property in St Kilda in the portfolio that hasn’t been sold.
Reports are AOF has found a buyer for the Canberra property at about $22 million – versus the $29.5 million book value at the end of the 2023 financial year – and is expected to sign the sale documents as soon as a lease extension with a key tenant is bedded down.
