Quantuna Pty Ltd entered into a non-binding heads of agreement to acquire Nexus Centre properties from Elanor Commercial Property Fund (ASX:ECF) for AUD 38.5 million on August 10, 2023. The deal is subject to due diligence and agreement of contractual terms, receipt of certain third-party lease approvals, and the Purchaser completing its capital raising and has not entered into binding contractual arrangements for the sale of the properties. The transaction is expected to complete by mid-November. Elanor Funds Management Limited intends to use the proceeds from the sale of the properties to reduce the Fund?s gearing and thereby further strengthen the Fund?s balance sheet. As of August 17, 2023 Elanor Commercial Property Fund has entered into conditional contracts for the sale.

Quantuna Pty Ltd terminated the acquisition of Nexus Centre properties from Elanor Commercial Property Fund (ASX:ECF) on October 12, 2023.