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Elanor Investors' funds management business grows, retail hits the skids

Su-Lin Tan

ASX-listed property group Elanor Investors has posted a rise in fees from its core funds management business and a one-off profit for the sale of its John Cootes Furniture site in Sydney's west but reported weaker revenue in its hotels and real estate businesses for the first half of 2019.

The group achieved a 122 per cent increase in revenue compared to the previous corresponding period largely due to the $36 million sale of a former John Cootes furniture store site in Merrylands. Elanor closed the business late last year due to weak retail conditions.

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Su-Lin Tan reported on housing, commercial real estate and property finance. She also covered China and Asian business, trade and politics. Connect with Su-Lin on Twitter. Email Su-Lin at stan@afr.com.au

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    Original URL: https://www.afr.com/property/elanor-investors-funds-management-business-grows-retail-hits-the-skids-20190218-h1be94