Australia / Sydney
Apr 15 2018
Add to Favorites Remove From FavoritesElanor 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
Jun, 2017
Cameron Sperance, Bisnow Boston Global real estate company Lendlease has announced plans for Slip65, a condo development that is also the developer's first major project in Boston.
United States of America
Read moreCreating 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 >