This article is from the Australian Property Journal archive
JLL is looking to tap into the growing demand for non-bank lending options in the buoyant Australian commercial real estate market by appointing Tim du Temple as the new head of the debt advisory business in Australia.
Du Temple, who has worked in Australian structured real estate financing for more than a decade, previously ran his own boutique real estate capital firm.
In his new role at JLL, he will source debt capital both domestically and offshore for developers and investors who are seeking alternative sources of debt funding.
With experience spanning both Australia and the United Kingdom, du Temple previously held roles at specialist bank Investec as well as HBOS Plc. He has an MBA from Warwick Business School in the UK and a bachelor’s degree from the University of Western Sydney.
JLL head of Asia Pacific capital markets Stuart Crow said the timing is right to be offering clients additional funding options as there is evidence that bank lending in Australia is tightening.
According to the Australian Prudential Regulation Authority (APRA) the major banks represent about 85% market share of the AUD $250 billion commercial real estate debt market, leaving a substantial funding gap to be filled by alternative sources.
“In Australia, investors and developers are increasingly looking beyond the traditional banks to fund projects. Tim’s experience in advising clients on debt structuring will be a great asset as we look to provide our clients with a more comprehensive service throughout the investment lifecycle,” Crow said.
Australian Property Journal
