Latest Commercial Office Property News

Centuria Capital Group has secured a 50% stake in prime Sydney CBD offices for $454 million, launching a new fund targeting a 7.5% annual yield and backed by domestic and Japanese investors.

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.

Elanor Commercial Property Fund reported a statutory loss for FY25 but delivered a 6.9% rise in Funds from Operations, while rejecting an unsolicited takeover offer from the Lederer Group.

Elanor Investors Group updates on its ongoing asset divestment program, debt covenant negotiations, and corporate governance reforms as it navigates balance sheet challenges and strategic options.