Ann: Settlement of John Cootes Furniture Acquisitions, page-2

I wonder if ENN see genuine upside in this operating Furniture business (forecast to contribute $3m EBITDA), or it was acquired:

- to secure the Merrylands property for resi-development ; and
- out of neccesity to secure the tenancys for the JCF Property Trust?

Either way, an interesting collection of assets, with some experienced operators.

Hope they can close a good value add deal soon to demonstrate to the market their deal-making credentials/potential.