CHAB Office Trust entered into conditional contracts to acquire the Leasehold Asset at 241 Adelaide Street, Brisbane from Australian Unity Office Fund (ASX:AOF) for AUD 31.5 million on March 11, 2021. In a related transaction, Charter Hall Group and Abacus Property Group entered into a conditional contract with the Brisbane Club to acquire the freehold interest for AUD 32 million. Abacus and Charter Hall are expected to utilise existing liquidity to fund their respective equity investments in addition to asset level non-recourse debt for the property. Both transactions are expected to settle simultaneously during 2021, once conditions precedent to settlement have been achieved. CHAB Office Trust completed the acquisition of the Leasehold Asset at 241 Adelaide Street, Brisbane from Australian Unity Office Fund (ASX:AOF) on June 24, 2021.