Australian Unity Office

Australian Unity Office Fund has concluded its strategic assessment and announced that it is considering a merger of AOF and a diversified wholesale fund managed by Australian Unity.

The Australian Unity Office Fund portfolio recovery has stabilised with tenant enquiry pointing to improving conditions ahead.

Charter Hall and Abacus have acquired 241 Adelaide Street Brisbane in a combined deal worth $63.5m.

The Australian Unity Office Trust has strong earnings and occupancy despite the pandemic.

Australian Unity Office Fund announced that all nine assets in the portfolio are in the final stages of being externally valued as at 31 December 2020.

The Australian Unity Office Fund portfolio is weathering the COVID storm with reduced vacancy and higher rent collections over the past quarter.

Australian Unity Office Fund announced that an asset in Macquarie Park has had a $4m uplift in valuation due a lease restructure.

Australian Unity Office Fund delivered an FFO of $27.6 million, down -2.85% per security for FY20, impacted by a $1.1 million, or 0.7 cpu, doubtful debt provision for rent waivers under the code

Office arrears increase to c.8% as a result of the pandemic with valuations falling -4.9%

Australian Unity Office Fund has booked a $16m uplift following Sydney Central City Planning Panel approval of Parramatta DA.

Australian Unity Office Fund have suggested that SME tenants representing up to on third of the gross income could be eligible for a waiver of 50% of any rental reduction granted by the Fund.

Australian Unity Office Fund has trimmed its earnings but retains distributions after making provisions for COVID19

As expected, Starwood have confirmed that their bid for AOF will not succeed and have effectively dropped the proposal.

Unperturbed by the stock market crash and the COVID 19 virus, Starwood are proceeding with their offer to acquire Australian Unit Office Fund, issuing today their Bidder Statement.

Australian Unity confirm that the sale of the RE to a JV entity between AOF and Keppel is now complete.