This article is from the Australian Property Journal archive
INVESTA has continued its period of change with the announcement of a number of key executive promotions following the appointment of new CEO Peter Menegazzo.
Penny Ransom has been appointed chief investment officer and will oversee all investment activities across the group. She was previously group executive and head of funds management.
Jason Leong has taken the role of head of funds management, after being fund manager for Investa Commercial Property Fund (ICPF).
Sally Franklin is the new chief operating officer, real estate, overseeing all real estate operating activities for the office and build to rent business.
Amy Wild has been appointed head of corporate operations and will oversee corporate functions including information technology, brand and innovation and people and culture.
“These are exciting appointments for our business and will reshape our leadership team and structure to allow the business to perform at its best and take us into an exciting future,” Menegazzo said. Menegazzo was promoted to the role of CEO last month, replacing Jonathan Callaghan who was stepping down.
In November last year, global real estate company Oxford Properties Group purchased a 50% interest in the business, while in January ICPF, in conjunction with financial services group Manulife, acquired the right to a 100% interest in premium development asset 39 Martin Place, Sydney. Investa has also just launched its new build-to-rent management platform, Indi, targeting more than 5,000 apartments, primarily in Sydney and Melbourne.
Construction on the first build-to-rent tower, at Pitt Street, is now underway and due to complete at the end of 2023, and Investa’s new 48,000 sqm commercial office development Parkline Place, is on track to commence construction later this year.
The executive team reshuffle has resulted in two key appointments for Investa’s $6 billion flagship institutional fund. ICPF. Brendan Looby being appointed fund manager and Brennan Wood appointed assistant fund manager.
“We are delighted to have promoted from within for these key ICPF roles, demonstrating the quality of people we are developing through our business,” Menegazzo said.
