Deals

Elanor Funds Management's board on Friday unanimously recommended that securityholders reject the takeover offer and provided an expert independent report from Kroll Group that concluded the offer of $0.70 in cash per stapled security undervalued the fund.

Housing developer Aspen Group has paid $14.1 million to acquire the remaining stages of the Wallaroo Shores master planned community in South Australia.

Engineering group Monadelphous has won construction contracts valued at $220 million with BHP and Fortescue for mining projects in the Pilbara.

Real estate investment manager JY Group has acquired a 50 percent stake in the Bankstown Central shopping centre in Sydney's south-west for $318.6 million.

Renewables and energy storage company Edify Energy has been acquired by Canadian pension fund La Caisse in a $1.1 billion deal, which includes investments in two planned solar and BESS hybrid projects. 

An ASIC report into private credit has found that commercial property construction and development presents the “greatest potential risk” of impairment or credit loss, as well as being more likely to involve conflicts of interest and opaque fee arrangements. 

Industrial battery manufacturer Battery Energy Power Solutions has boosted its security capability by acquiring Melbourne-based critical infrastructure asset manager accesstel.

An undisclosed Asian investor has acquired a Commonwealth Bank-anchored property in Sydney's south-west for $31.3 million.

Advised by Corrs Chambers Westgarth, uranium producer Paladin Energy has raised $300 million to advance its Patterson Lake South project in Canada.

A consortium led by the investment arm of Abu Dhabi's National Oil Company has dropped a $30 billion takeover bid for oil giant Santos.