GENERAL PROPERTY

Faddy to lead Avenor

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DEVELOPER and funds manager Avenor has appointed property veteran Matthew Faddy as CEO.

Faddy’s 25-year career in property funds, development and asset management includes a 16-year stint at The GPT Group, most recently as the head of office and logistics. During this time, Matthew was responsible for the growth of the combined portfolio to over $18.5 billion and led a team of 130. Prior to GPT, he spent over a decade at Lendlease in senior positions focusing on the retail business.

“I have joined the business during an incredibly exciting growth phase and am looking forward to bringing my extensive funds and property experience to Avenor,” Faddy said.

“My main mandate is to lead the team to successfully match top-tier real estate opportunities with quality investment clients.”

Since the company’s launch in 2015, Avenor has been identifying and bringing to reality several commercial and residential developments in Sydney, most notably Atlassian’s headquarters and the Tech Central precinct.

“As our company shifts focus to include investment management, Matthew’s track record in this area aligns perfectly with our expertise in sourcing lucrative real estate investment opportunities,” Avenor executive director, James Paver said.

“Following the recent sale of our East Walker Street project to Cbus and Galileo, and of the Atlassian project to Dexus, we’re well positioned to co-invest with select capital partners.”

The company has also appointed Chelsey Blount as head of marketing and communications.

Her decade-long experience has included senior leadership positions with Queensland developer Consolidated Properties Group and Ray White Real Estate.

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