ECF elanor commercial property fund
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News: ECF Elanor Commercial Property Fund Acquired Garema Court In Cbd Of Canberra

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    23/12/19
    12:50
    Post #: 42102328

    Dec 23 (Reuters) - Elanor Commercial Property Fund (ECF) :

    • ACQUIRED GAREMA COURT IN CBD OF CANBERRA FOR $71.5 MILLION
    • ACQUISITION WILL BE FULLY DEBT FUNDED RESULTING IN FUND GEARING OF ABOUT 36%
    • DEAL IS STRONGLY ACCRETIVE & FORECASTS FY PROFORMA FFO YIELD OF ABOUT 9.5% AGAINST FY21 PDS FORECAST FFO YIELD OF 8.4%
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