AND FINALLY

Centennial hires new CEO

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CHARTER Hall’s former office CEO, Adrian Taylor, has been appointed as Centennial Property Group’s new CEO and group managing director, whilst Stockland has hired a new CFO.

Taylor will lead Centennial’s restructure, working closely with founders Jon Wolf and Lyle Hammerschlag, as well Paul Ford who established the group’s industrial and logistics business.

“Centennial Property Group’s multi-sector platform, combined with its strong track record of providing attractive returns for its capital partners in the Australian market, is primed with potential,” said Taylor.

At Charter Hall, Taylor oversaw 120 professionals in the group’s office sector team, which managed the country’s largest commercial office portfolio of circa $20 billion, with a $4.5 billion development pipeline.

“The Centennial Property Group Board and I are very pleased to have attracted Adrian to join the Group as Managing Director and Group CEO. The injection of Adrian’s experience heralds an exciting next chapter for the Group and I am pleased to remain a substantial shareholder,” said Alex Waislitz, principal at Centennial.

Centennial has around $1.1 billion  of funds under management across all of its platforms including logistics, office, retail, childcare and property lending.

“It is an incredibly exciting time for us and our partners as we announce a restructure to support our continued transition from specialist investment syndicator to boutique fund manager with a uniquely differentiated strategy,” added Taylor.

Additionally, the group is managing a pipeline of industrial and logistics, residential and mixed-use projects with an end value of more than $1 billion.

“The new structure will enable further collaboration between the CIL operations and the broader Group which is strategically significant for us and helps further diversify our proposition to unlock value through innovative and superior real estate outcomes,” said Wolf.

Taylor and Ford are also set to join the Centennial Board.

Meanwhile, Stockland has appointed a new Chief Financial Officer in Alison Harrop.

Harrop has spent the last six years as CFO of Dexus, as well as serving in senior roles at Macquarie Bank, Australia Post and Westpac.

“I am delighted to welcome Alison to Stockland. Alison has over 25 years’ experience in finance and operations in Australia and overseas across a diverse range of sectors including property, financial services and government,” said Tarun Gupta, managing director and CEO at Stockland.

Harrup will commence at Stockland from January of 2022.

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