Elanor Investors

Elanor Investors Group have agreed terms with Challenger on the 100% acquisition of Challenger’s $3.4 billion Australian real estate funds management business for a maximum consideration of $41.8 million, and will establish a broader strategic partnership between Elanor and Challenger.

Elanor Investors announced its interim financial results for the half year ended 31 December 2022 revealing a 6% growth in funds under management and a 5.5% increase in core earnings.

Elanor Investors will be out raising capital for the acquisition of the Riverton Forum shopping centre, in Perth for $98.8 million.

Elanor Investors Group has completed a $25 million capital raising for the Elanor Hotel Accommodation Fund (“EHAF”) to acquire the Chateau Yering, Yarra Valley and Wildes Boutique Hotel, Kangaroo Valley accommodation hotels.

Elanor Investors has announced a recapitalisation of the $289 million Elanor Healthcare Real Estate Fund, providing a full liquidity event for Fund investors.

The world-renowned Cradle Mountain Lodge, considered Tasmania’s best luxury lodge, has been listed for sale by the ASX-listed Elanor Investors Group.

Elanor Investors have grown income by 39% in FY22 to $41.3m delivering distribution by 13.48cps (up 19%) on prior corresponding period.

Elanor are proposing the breakup of the $193m of assets in the listed Elanor Retail Fund and the establishment of two wholesale funds.

Elanor Investors are seeking to raise $19.4m to support the acquisition of 2 new accommodation assets for their Hotel Accommodation Fund.

Elanor Investors Group has agreed terms to acquire 19 Harris Street, Pyrmont for $185 million, reflecting a yield of 4.25%.

Another sustainability milestone has been reached in Western Australia, with the Workzone West building in the Perth CBD becoming the first carbon neutral 6 Star NABERS Energy rated commercial building in the state.

Elanor Investors Group is pleased to announce that the Elanor Healthcare Real Estate Fund has exchanged contracts to acquire Highpoint Health Hub

Elanor Investors are expanding their Hotel Funds offering with the stapling of 3 existing Hotel funds to form a new $350m investment vehicle.

Elanor Investors Group have agreed terms with Blackstone for the acquisition of Warrawong Plaza for $136m.

WorkZone West, located at 202 Pier Street in Perth, was built in 2013 and was designed as a 5 Green Star building. The A grade building accommodates seven levels of office area and ground floor retail across 15,601 sqm NLA, with 141 bays in the basement parking. The property was …