Latest Real Estate News

LDR Assets has declared its off-market takeover bid for Elanor Commercial Property Fund unconditional, signaling a decisive step in its acquisition strategy. The offer now proceeds without conditions, with payment accelerated for accepting securityholders.

LDR Assets Pty Ltd has initiated an off-market takeover bid for all stapled securities in the Elanor Commercial Property Fund (ECF), offering $0.70 cash per security, representing a premium over recent trading prices and net tangible asset backing. The offer opens on 11 September 2025 and is set to close on 13 October 2025.

360 Capital Mortgage REIT (ASX – TCF) has announced a non-renounceable 1-for-1 entitlement offer to raise approximately $45.2 million, aiming to expand its senior loan investments secured by Australian real estate. The offer includes an oversubscription facility and a shortfall offer targeting wholesale and institutional investors.

LDR Assets, controlled by the Lederer Family Office, has made a $0.70 per security cash offer for Elanor Commercial Property Fund, representing a premium to recent trading prices and net tangible asset backing. The bid highlights concerns over ECF's financial performance and Elanor Investors Group's solvency risks, with plans to overhaul management post-acquisition.

LDR Assets Pty Ltd, controlled by the Lederer Family Office, has made an off-market takeover bid for all stapled securities of the Elanor Commercial Property Fund (ECF) at $0.70 cash per security, offering a premium over recent trading prices and net tangible asset backing. The bid follows concerns about ECF’s declining financial performance and signals potential management changes and delisting.

US Masters Residential Property Fund reported robust first-half sales and significant debt reduction, while navigating a modest portfolio valuation dip primarily in New York.

Australian Unity Investment Real Estate Limited has terminated the sale contract for 150 Charlotte Street in Brisbane after the purchaser failed to complete settlement, retaining a $4.8375 million deposit and planning to re-market the property.

Elanor Commercial Property Fund’s Independent Board Committee has unanimously recommended rejecting Lederer Group’s unsolicited $0.70 per security takeover offer, citing significant undervaluation and strategic risks. The committee advises securityholders to take no action until a detailed target’s statement is released.

Gowing Bros Limited has locked in a $10.4 million financing facility from Commonwealth Bank to fund civil works and council contributions at its Sawtell Commons development.

Desane Group Holdings has sold its commercial property at 13 Sirius Road, Lane Cove for $8.7 million, marking a strategic shift to fund future growth opportunities.

Vicinity Centres has updated its dividend distribution details for the six months ending June 2025, including the Dividend Reinvestment Plan price and the NZD equivalent payout for New Zealand investors.

Centuria Industrial REIT has successfully settled a A$325 million exchangeable notes offering due 2030, simultaneously repurchasing nearly A$300 million of its higher-cost notes maturing in 2028. This refinancing move aims to extend debt maturity and reduce interest expenses.