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
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