This article is from the Australian Property Journal archive
THE $2 billion Investa Office Fund is on the hunt for a new fund manager following the resignation of Toby Phelps.
Phelps is relocating back to the United Kingdom after taking over from Tino Tanfara in 2012.
“After much consideration, I have decided to return home with my family to the United Kingdom. I have truly enjoyed my time at Investa and the decision to leave was a very difficult one. I am very confident in the future of IOF and the capability of the Investa platform and management team, and I look forward to watching IOF’s continued success,” Phelps said.
IOF chairman Deborah Page said since joining Investa, he has overseen the fund during a period of significant transformation, including the disposal of $400 million of offshore assets and the acquisition of over $1.1 billion of high quality Australian assets.
“Toby leaves IOF in a very strong position and we thank him for his service and expertise during this important period in the fund’s history,” she added.
Page said Investa has commenced a process to find his replacement.
Australian Property Journal
