Andrew Wilkinson, Chief Executive Officer and Managing Director ALE Property Group (ASX:LEP), has indicated after 16 years with the Group that he is look to pursue new challenges.
He will stay until the 2018 rent determinations are completed and a new CEO is appointed.
During his tenure he has overseen a growth in ALE’s market capitalisation from $91 million to more than $1.0 billion delivering a total return of around 20 per cent per annum.
In their full year results released today property income increased by 3.7 per cent to $60.2 million due to rent increases of 10 per cent for 36 of the properties from November 2018.
Shares in ALE Property Group (ASX:LEP) are trading 1.35 per cent lower at $5.11.