Warning: JavaScript is Disabled
Modern websites rely on JavaScript for full site functionality and visibility please enable JavaScript in your browser. ASX data and site content is not currently reliable with JavaScript disabled.

3 June 2019

ASX Announcement – New Funds Management Initiative Neeta City

ENN: ASX Announcements

Back to articles

Elanor Investors Group (“ENN” or “Group”) is pleased to announce the successful completion of the acquisition of the “Neeta City” sub-regional shopping centre located in Fairfield NSW, for $85.3million. The acquisition by the Fairfield Centre Syndicate (“Syndicate”) reflects a passing yield of 7.8% and a purchase price of $3,450 per m2 of lettable area, well below its replacement cost.

Located in the growing western Sydney metropolitan area, 300 metres from Fairfield’s train station, Neeta City is a convenience-based centre providing access to everyday goods and services. The centre presents significant opportunities to add value through repositioning.

To read the full announcement, click here.

Recent Articles