Independent investment manager Invesco is expanding its global real estate business into Australia and has appointed Ian Schilling as director and head of real estate.
Invesco real estate has a long standing presence in the US and European markets and has built a strong reputation in Asia over the last five years.
Mick O'Brien, chief executive of Invesco Australia said now is the opportune time to expand the Asian capability to include on the ground Australian real estate expertise.
"Also, we have a building client base in Australia and Ian's appointment will help in capital raising and client relationship activities," he added.
Schilling will be based in Sydney and brings a proven track record in the field, having managed more than $6 billion of real estate funds and more than $3 billion of transactions in both direct and listed real estate in previous roles.
In his new role, Schilling will assume responsibility for identifying investment opportunities and managing all Invesco direct real estate investments across the country.
In addition, he will assist in the firms capital raising and client relationships activities in Australia at the senior institutional level.
"Ian Schilling's appointment adds to Invesco's already strong presence in real estate markets across the world," said Soon Lau, managing director of Invesco Asia Real Estate.
"His proven track record in Australian property investment management, deal creation and negotiation at the senior level will allow us to harness the opportunities arising in the Australian property market," he said.
Invesco Real Estate manages US$49 billion of assets in direct and listed property across US, European and Asian markets.
Source: http://www.financialstandard.com.au/news/view/22023633
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