Investment

Merrylands Property

Under the John Cootes Furniture Acquisition Agreement, Elanor acquired JCF's retail site at Merrylands, NSW, from which JCF operates its head office and main showroom. The retail site combined with several adjoining residential properties also owned by Elanor comprise a total of approximately 26,000 sqm of land (Merrylands Property), which Elanor management considers is currently underutilised.

A Planning Proposal prepared by Elanor in respect of the Merrylands Property was submitted to Parramatta City Council ('Council') on 12 October 2015 and was tabled at a Council meeting held on 7 December 2015.

The Council meeting unanimously resolved to endorse the Planning Proposal including recommendations to:


Merrylands Property