Australia's Elanor Investors hits 2-month high on logistics deal

Elanor Investors

14/12/2023 24:37

** Shares of Elanor Investors Group  ENN.AX  rise as much
5.2% to A$1.420, their highest level since Oct 9 
    ** The fund manager announces joint venture with ICON
Developments, unit of Japanese civil engineering business Kajima
Corporation
    ** JV to develop a targeted A$250 mln ($166.63 mln) prime
Australian logistics portfolio 
    ** Stock set for best day since Nov 15, if gains hold
    ** Elanor stock down 17.2% YTD, as of last close

    ($1 = 1.5004 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))