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Elanor Investors Group ( (AU:ENN) ) just unveiled an update.
Elanor Investors Group has agreed terms with Lederer Group to facilitate an orderly transition of investment and property management for the Elanor Commercial Property Fund, following Lederer’s move to replace Elanor Funds Management Limited as the fund’s responsible entity with Evolution Trustees Limited. If ECF securityholders approve the change at an extraordinary general meeting expected in late January 2026, Elanor will terminate its existing management agreements in exchange for a reduced $8.5 million compensation payment from the fund, after which Evolution Trustees is expected to appoint Lederer Group’s LDR Capital as manager. The Lederer Group, which holds 43% of ECF and intends to vote in favour of the change, argues that the proposal will lower annual management fees by about $1 million, provide an independent responsible entity, and better align the manager’s interests with investors, while Elanor positions the negotiated transition as a cost-effective alternative to a potentially protracted and disruptive contest for control of the fund’s management.
More about Elanor Investors Group
Elanor Investors Group (ASX: ENN) is a real estate investment and funds management group with funds under management across Australia and New Zealand, focusing on commercial office, retail, industrial and healthcare property sectors. The company specialises in acquiring and unlocking value in real estate assets that offer strong income and capital growth potential.
Technical Sentiment Signal: Sell
Current Market Cap: A$121.7M
See more data about ENN stock on TipRanks’ Stock Analysis page.