Challenger sells Australian real estate business
Challenger has entered into an agreement to sell its Australian real estate business.
The company has announced to the Australian Securities Exchange (ASX) that it will be selling the business to Elanor Investors Group for $42 million.
The company announced that it had entered into an agreement with Elanor to form a strategic real estate partnership and that Elanor would become Challenger’s commercial real estate partner in Australia and New Zealand and Challenger would become Elanor’s exclusive distribution partner.
The transaction will involve new investment management agreements between Challenger Life and Challenger Real Estate third party clients with Elanor, representing $3.4. billion of funds under management.
Is it not a cost of completing the transaction? Why should it be removed from any analysis, applicable govt charges…
Misleading figures. We’d have millions and millions removed in our client base with LS. Almost 100% came straight back in…
Financial planners, you know exactly what will happen next. Get your wallets out- Cslr bill coming your way!
Another day and yet another shouty SMC story running about trying to push regulators to enter union super into Australian…
These funds should be a lot more concerned about their investment returns, which are starting to look very sick. Waiting…