Elanor Investors Group has added a Toowoomba mall to its growing funds management business, striking a $145 million deal with its owner, Blackstone to acquire it.

The purchase of Clifford Gardens shopping centre was struck on a relatively soft 7.9 per cent yield. Powerful global investor Savills Investment Management is backing the deal through a joint venture with an Elanor-managed fund, alongside Elanor’s domestic institutional and wholesale capital partners.