Baker McKenzie advised Elanor Commercial Property Fund on the deal.
Elanor Commercial Property Fund executed a AUD 36.6 million entitlement offer (Offer). The proceeds of the Offer will be applied to the strategic acquisition of a 49.9% stake in a trust that will own 19 Harris Street, Pyrmont.
The Offer was structured as a fully underwritten 1 for 8 accelerated non-renounceable entitlement offer to raise AUD 36.6 million at an issue price of AUD 1.04 per security.
The Baker McKenzie team was led by Steven Glanz (Picture), and included Alan Darwin, Rita Mikhael and Georgia Chinchilla.
Law Firms: Baker McKenzie;
Clients: Elanor Commercial Property Fund;