Browse all categories | Subscribe My Account | Logout
Browse all categories
< Back

Elanor's assets exceed $1.1 billion

People & Companies / Latest News

Australia / Sydney

Apr 15 2018

Add to Favorites

Share this Article:

Elanor Investors Group has bought a shopping centre and office block - and sold a Sydney boutique hotel - bringing the value of its assets to more than $1.1 billion. 

Brokered by Mark Duran of JLL Hotels & Hospitality Group, Elanor’s hotel trust 193 Clarence Hotel Fund sold the Breakfree on Clarence hotel to Plantation Hotels for $30 million - about $600,000 per key on a 4.3 per cent yield. .

The group recently established a new managed fund to buy the Belconnen Markets in the ACT for $43.75m from the Efkarpidis family that owned the site for about 25 years.

The property includes the 18,890sq m markets, a vacant 4818sq m block with approval for 170 units and a carpark site of 6077sq m, and was bought on a passing yield of 6.85 per cent per annum. 

Earlier this month, Elanor Commercial Property Fund bought the Campus DXC complex in Adelaide’s Felixstow for $35m. 

Photo by Seb Zurcher on Unsplash

SOURCE:

img

You may also like...


Load More

bannerImage
bannerImage

Login into your MP Report account

Forgot my password

Sign up to the MP Report

Creating an account with MP Report allows you to save articles and update your preferences to filter the content based on your interests and what content you would like to receive from us via our email alerts and newsletter.

SIGN UP HERE >