Elanor Commercial Property Fund (ASX:ECF) buys a Canberra office building - Sequoia Direct

23DecDecember 23, 2019

Elanor Commercial Property Fund (ASX:ECF) buys a Canberra office building

[videojs_hls url=’//du7x25at22z7c.cloudfront.net/274864/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/Headlines06_360_191223.jpg’]

Elanor Commercial Property Fund (ASX:ECF) has bought a large office building in Canberra, Australian Capital Territory, for $71.5 million.

Settlement is expected to occur on 28 February 2020.

Garema Court is a seven level, A Grade office building with ground floor retail situated in a premium location in the Civic precinct of the Canberra CBD.

The building is 99 per cent occupied.

The building’s office space is wholly leased to The Commonwealth of Australia with a March 2024 expiry.

Shares in Elanor Commercial Property Fund (ASX:ECF) are trading 0.8 per cent higher at $1.26.

Copyright 2019 – Finance News Network

Source: Finance News Network

Related Posts

12JunJune 12, 2020

TPG Telecom (ASX:TPM) to pay special dividend if Vodafone merger approved by shareholders

12 Jun 2020 - TPG Telecom (ASX:TPM) will pay a special dividend of between 49 cents and 52 cents a share if its merger with Vodafone Hutchison Australia is approved by shareholders.

13FebFebruary 13, 2025

Hot Stocks: Temple & Webster, South32, Domain Holdings Australia, Kalgoorlie Gold Mining

13 Feb 2025 - A snapshot of the stocks on the move, featuring Temple & Webster, South32, Domain Holdings Australia, Kalgoorlie Gold Mining

13JulJuly 13, 2020

COVID-19 costs hit Credit Corp (ASX:CCP)

13 Jul 2020 - Debt collector Credit Corp expects to report a financial 2020 profit between $75 million to $80 million before the impairment cost on purchased debt ledger assets and costs associated with COVID-19.

12OctOctober 12, 2022

Stocks of the Hour: Queensland Pacific Metals, Lake Res, Openlearning

12 Oct 2022 - A snapshot of the stocks on the move featuring Queensland Pacific Metals (ASX:QPM), Lake Resources (ASX:LKE) and Openlearning (ASX:OLL).

09DecDecember 9, 2019

AUB Group (ASX:AUB) terminate sale agreement to acquire Coverforce

09 Dec 2019 - AUB Group (ASX:AUB) has today announced the termination of its conditional agreement with Pemba Capital Partners to acquire Pemba Capital’s interest in Coverforce.

22AprApril 22, 2020

Fiducian Group (ASX:FID) franchise aquires $56m in FUA

22 Apr 2020 - Fiducian Financial Services, the financial planning subsidiary of Fiducian Group (ASX:FID) has facilitated the acquisition of a regional financial planning business for its franchise office located in Gippsland, Victoria.

12MayMay 12, 2021

Stocks of the Hour: Commonwealth, Carsales & Evolution Mining

12 May 2021 - A snapshot of company news making headlines in the morning session, featuring Commonwealth (ASX:CBA), Carsales (ASX:CAR) & Evolution Mining (ASX:EVN).

20AprApril 20, 2020

Caltex Australia (ASX:CTX) report Alimentation Couche-Tard take-over will not go-ahead

20 Apr 2020 - Caltex Australia (ASX:CTX) and Alimentation Couche-Tard Inc. have decided to not proceed with the acquisition proposal due to the high level of economic uncertainty caused by the COVID-19 pandemic.

09AprApril 9, 2021

Perenti Global (ASX:PRN) bags $80m cash for asset sales

09 Apr 2021 - The sales of Perenti Global (ASX:PRN)’s mining assets in Mali and Burkina Faso have generated $80 million in cash for the mining company.

18FebFebruary 18, 2021

Santos (ASX:STO) reports 60% fall in NPAT for full year 2020

18 Feb 2021 - Gas supplier Santos (ASX:STO) reports underlying net profit after tax fell 60% to US$287 million for their full year 2020, down US$432 million than 2019.