Elanor building the foundations
On Thursday, property and funds management business Elanor Investors Group (ASX: ENN) announced it successfully completed an institutional placement to raise $30 million to establish a new commercial property fund and cornerstone a new retail real estate investment trust, which the company is preparing to list on the ASX. We own Elanor as a research driven investment in WAM Capital and WAM Research. We believe Elanor has a strong management team and have been long term supporters of the company. Shares in Elanor closed up 5% for the week.
Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...