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Why Is Lederer Group Offering 70c to Take Over Elanor Commercial Property Fund?
10:01am on Monday 4th of August, 2025 AEST
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Real Estate
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Why Is Lederer Group Offering 70c to Take Over Elanor Commercial Property Fund?
10:01am on Monday 4th of August, 2025 AEST
Key Points
Offer price of 70 cents per security, a premium to recent market prices
Lederer Group holds 27.5% stake in ECF and aims to acquire full control
Concerns raised over conflicts of interest within Elanor Funds Management board
Proposal to replace the responsible entity and investment manager
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