Business
Australian Unity Office Fund (ASX:AOF) share price up after $31.5 million real estate deal
The Australian Unity Office Fund (ASX: AOF) share price is trading higher in afternoon trade.
Late yesterday, the real estate investment trust (REIT) announced the $31.5 million sale of one of its Brisbane properties. The fund also announced it would be suspending its dividend reinvestment plan (DRP) for this quarter.
Shares in Australian Unity are trading at $2.27, up 2.25%. For comparison, the S&P/ASX All Ordinaries Index(ASX: XJO) is up 0.8%.
What did Australian Unity announce?
Australian Unity announced it had reached an agreement to sell 241 Adelaide Street, Brisbane. The $31.5 million sale price is equal to…
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