• Expansion of strategic alliance with Rockworth Capital Partners
• Significant recapitalisation of balance sheet to stabilise the business
• Acquisition of Singapore-based real estate investment manager Firmus Capital

Elanor Investors Group ('Elanor' or 'Group') has announced significant developments that will enable it to recapitalise the business, refinance its balance sheet debt, and redefine its future business strategy through an expansion of its strategic alliance with a long-term, major Elanor securityholder. Key components of the update include: an expansion of the Group's strategic alliance with Rockworth Capital Partners, a significant recapitalisation of the balance sheet to stabilise the Elanor platform for growth, the acquisition of Singapore-based real estate investment manager Firmus Capital, and the cessation and unwinding of the Challenger Life Mandate and related agreements. The expanded strategic alliance with Rockworth will deliver the balance sheet flexibility to enable Elanor to execute a growth strategy from a stabilised AUM base of approximately $3.3 billion, while enabling Elanor to continue to actively manage the real estate assets of its capital partners. The strategic alliance will be the catalyst to deliver on a Pan Asian growth strategy that retains a focus on the Group's core business sectors of office and retail while building on Asian-based, capital-led, growth opportunities in logistics, healthcare and leisure in select markets across the region.

Following the completion of the Rockworth Investment and the Firmus Acquisition, Elanor's AUM is expected to be approximately $3.3 billion.

The expanded strategic alliance with Rockworth will provide Elanor with a stabilised balance sheet and a strong foundation from which to execute a redefined and targeted growth strategy, focusing on expanding into Asia alongside Rockworth through capital-led growth opportunities in key real estate sectors.