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Lederer Family Office Targets Elanor Commercial Property Fund with $0.70 Cash Bid

11:02am on Wednesday 10th of September, 2025 AEST Real Estate
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Lederer Family Office Targets Elanor Commercial Property Fund with $0.70 Cash Bid

11:02am on Wednesday 10th of September, 2025 AEST
Key Points
  • Offer price of $0.70 cash per ECF security with premiums to recent trading and NTA
  • Lederer Family Office holds 27.9% stake in ECF and controls the bid
  • Concerns raised over ECF’s declining financial metrics and Elanor’s solvency risks
  • Bidder intends to replace Elanor as responsible entity and investment manager
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