Australian Unity Office Fund Sells Final Asset and Sets June Delisting Date
Charlotte Street sold, AOF delisting confirmed for 9 June 2026
Australian Unity Office Fund (ASX: AOF) has confirmed the settlement of its final remaining asset, 150 Charlotte Street, Brisbane, for a gross sale price of $40.0 million on 29 May 2026. The figure excludes settlement adjustments and transaction costs.
With the portfolio now fully divested, responsible entity Australian Unity Investment Real Estate Limited (AUIREL) has formally applied to ASX for AOF’s removal from the Official List. Trading in AOF units will be suspended from close of trade on 3 June 2026, with the fund officially delisted effective 9 June 2026. AUIREL has confirmed all conditions previously required by ASX for delisting have been satisfied, or will be satisfied, prior to that date.
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What unitholders need to know about the capital return
AUIREL expects to return aggregate proceeds of between $0.37 and $0.38 per AOF unit across both return tranches combined. Eligibility to receive this aggregate return requires unitholders to be on the AOF register on the relevant record dates and to continue holding their units through the winding-up process.
The return will be delivered in two separate events.
Initial Return of Proceeds
The Initial Return of Proceeds will be distributed via a compulsory redemption of AOF units. AUIREL will redeem 19 AOF units for every 20 AOF units held by a unitholder on the record date.
- Record date: 5:00pm, 10 June 2026
- Payment expected: prior to 30 June 2026
- Eligibility: Unitholders must be on the AOF register at the record date
Tax consequences may apply to the receipt of the Initial Return of Proceeds. Unitholders should refer to the tax information contained in the Notice of Extraordinary General Meeting and Explanatory Memorandum (NOM and EM) dated 13 April 2026 for further details.
Final Return of Proceeds
A second, final distribution will reflect the residual cash of AOF after all liabilities and winding-up costs have been fully settled.
- Expected timing: second half of calendar year 2026
- Eligibility: Unitholders must continue to hold units through the winding up and be on the register at the Final Return record date
Tax consequences may also apply to the Final Return of Proceeds. The NOM and EM should be consulted for further information.
| Event | Key Date | Mechanism | Expected Amount | Eligibility |
|---|---|---|---|---|
| Trading Suspension | 3 June 2026 (close of trade) | N/A | N/A | All current unitholders |
| Delisting | 9 June 2026 | N/A | N/A | N/A |
| Initial Return of Proceeds | Record date: 10 June 2026 (5:00pm); payment by 30 June 2026 | Compulsory redemption (19-for-20 units) | Part of $0.37–$0.38 aggregate | Must be on register at record date |
| Final Return of Proceeds | H2 CY2026 | Residual cash distribution | Residual of $0.37–$0.38 aggregate | Must hold units through winding up |
Understanding the delisting process — what it means for AOF investors
For unitholders less familiar with managed fund wind-up procedures, the following context may assist in navigating the process ahead.
A compulsory unit redemption is a mechanism by which a fund’s responsible entity redeems units on behalf of unitholders without requiring a sell instruction. In AOF’s case, AUIREL will redeem 19 out of every 20 units held, with the cash equivalent paid directly to eligible unitholders. It is the standard vehicle used in managed fund wind-ups to return capital in an orderly manner.
From close of trade on 3 June 2026, AOF units will be suspended and cannot be bought or sold on ASX. Unitholders who sell their units before the record date of 10 June 2026 will not be eligible to receive the Initial Return of Proceeds. The two-tranche return structure exists for a practical reason: the Initial Return distributes the bulk of available proceeds quickly, while the Final Return allows time for all outstanding liabilities and wind-up costs to be fully quantified and settled before the residual cash is distributed.
Following delisting, AUIREL will continue to communicate with unitholders via the AOF website at https://www.australianunityofficefund.com.au/news-and-announcements.
Key action items for unitholders:
- Do not sell units after trading suspension on 3 June 2026 if intending to receive the Initial Return of Proceeds
- Confirm personal details are current with the registry before the 10 June 2026 record date
- Review tax implications detailed in the NOM and EM
- Monitor the AOF website for winding-up updates post-delisting
Registry contact details:
- Australia: 1300 737 760
- International: +61 2 9290 9600
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Key dates and next steps for AOF unitholders
The following chronological milestones summarise the wind-up timeline for AOF unitholders:
- 29 May 2026 — Settlement of 150 Charlotte Street, Brisbane ($40.0M gross sale price)
- 3 June 2026 — ASX trading in AOF units suspended from close of trade
- 9 June 2026 — AOF officially delisted from the ASX Official List
- 10 June 2026 — Record date for Initial Return of Proceeds (5:00pm)
- By 30 June 2026 — Initial Return of Proceeds paid via compulsory redemption of 19-for-20 units
- H2 CY2026 — Final Return of Proceeds distributed, reflecting residual cash after all liabilities and winding-up costs are settled
Eligible unitholders can expect aggregate returns of between $0.37 and $0.38 per AOF unit across both tranches, subject to remaining on the register at the relevant record dates and holding units through the winding-up process. The wind-up continues under AUIREL’s management, with ongoing updates available via the AOF website.
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