trending Market Intelligence /marketintelligence/en/news-insights/trending/SLNEd7zgotnPfEHuD7rSnA2 content esgSubNav
In This List

Elanor Investors acquires shopping center in New Zealand


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Elanor Investors acquires shopping center in New Zealand

Elanor Investors Group acquired a shopping center in the Auckland suburb of Papatoetoe, New Zealand, for NZ$50.6 million, marking the company's first acquisition in the country.

Hunters Plaza Syndicate, Elanor's new managed fund, will hold the 15,885-square-meter Hunters Plaza Shopping Centre, which was purchased with a two-year rental guarantee. The asset underwent major remodeling in 2015.

The shopping center is anchored by a Countdown supermarket and a Kmart department store, covering 2,547 square meters and 6,170 square meters of space, respectively. Other tenants in the retail space include Cityfitness, Noel Leeming and Number One, along with more than 40 specialty retailers.

The purchase is expected to be settled in July. With the establishment of the new fund, Elanor's owned and managed portfolio now stands at A$800 million.

As of June 1, US$1 was equivalent to NZ$1.41 and A$1.35.