This article is from the Australian Property Journal archive
ALLCO has appointed Tim McEnallay as the designated fund manager of Record Realty, following the resignation of Ian Schilling.
Record funds Management Limited’s chairman Robert West said whilst the departure of Schilling was unexpected given the short time he had been in the role and his involvement in the strategic review undertaken for RRT, the group was pleased to have a replacement.
“Tim has extensive experience in the real estate industry and has a deep understanding of the assets in the RRT portfolio. He is ideally suited to implement the strategy adopted by the RFML Board in March,” he added.
McEnallay joined Allco in July 2005 as the director of asset management. He has over 20 years direct property experience in both the agency and property trust market.
He is an associate of the Australian Property Institute, has an associate diploma of valuation and is a licensed real estate agent.
As Allco’s designated fund manager for Record Realty, McEnallay will be responsible for the continued implementation of the asset realisation program.
Last month, Record Realty released a three year program to sell $2.1 billion worth of assets in order to reduce its high gearing.
And earlier this week, Record Realty appointed West as the new chairman, following the resignation of Bob Mansfield.
Australian Property Journal
