Billionaire businessman Paul Lederer has emerged as a white knight at Elanor Investor Group, the ASX-listed real estate fund manager which is facing a backlash from shareholders over its poor performance and a growing debt pile.
Mr Lederer, who made his fortune selling smallgoods business Primo to Brazil’s JBS and is now the chairman of the Western Sydney Wanderers A-League club, will tip in $74 million to Elanor’s listed Commercial Property Fund.
Loading...
Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
