Elanor Investors Group Strategizes for Growth

Elanor Investors Group (AU:ENN) has released an update.

Elanor Investors Group is undertaking a strategic overhaul to bolster its balance sheet and streamline operations, focusing on core real estate sectors while exiting the hotels, tourism, and leisure markets. The company has sold its co-investment in ECF for $23.9 million to reduce debt and fund working capital, with plans to divest over $100 million in assets over the next 18 months. These moves come alongside a leadership transition, with CEO Glenn Willis retiring and Tony Fehon stepping in as interim Managing Director.

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