Ellington Capital appoints property investment expert Simon Townsend as CEO

Ellington Capital appoints property investment expert Simon Townsend as CEO

Dubai: Ellington Capital, a specialised real estate asset and fund management firm delivering 360-degree investment opportunities, today announced the appointment of international property investment expert Simon Townsend as its Chief Executive Officer.Simon Townsend will be responsible for driving the growth of Ellington Capital with a focus on identifying property development and investment opportunities in key markets in the region and internationally, including the UAE, Saudi Arabia, Oman and Qatar, and delivering consistent and strong returns to investors from across the world. With its game-changing approach to ‘build to rent' independently, Ellington Capital offers the opportunity for investors with large and smaller sized portfolios a diversified solution to maximise returns whilst mitigating risk.Led by a team of investment professionals with over 45 years of investment experience in private equity and real estate and over 100 years' in real estate development, Ellington Capital will also address the aspirations of millennials, who opt for rental living rather than home ownership.Ellington Capital will shortly be launching the Ellington Opportunities Fund I, the first real estate fund in the Middle East to offer investors access to developer project returns, with capital raising about to commence. It limits risks by building on its successful track record