Scott MacDonald appointed Chairman and CEO of Investa Property Group
SYDNEY - Investa Property Group (Investa) today announced the appointment of four senior executives to the company's board, delivering a significant level of global real estate investment experience and expertise to support the company's continued growth and presence in both Australian and global markets.
Scott MacDonald has been appointed as the Chairman and Chief Executive Officer of Investa. He has over 30 years of real estate industry experience including serving as CEO or President in several US-based operating companies including one owned by an affiliate of Morgan Stanley Real Estate Investing (MSREI). Most recently, Mr MacDonald has been working with MSREI on major real estate investments in Europe and Asia.
"This is a fabulous opportunity in light of Investa's reputation and strong management team, favourable market conditions - especially in the Sydney office market - and Morgan Stanley's sponsorship," Mr MacDonald said.
In addition Lynn Thurber and Christopher Niehaus have been appointed to the board of Investa. Ms Thurber is the non-Executive Chairman of LaSalle Investment Management, where she was formerly the CEO, and holds numerous directorships with US real estate companies and organisations. Mr Niehaus is a Managing Director of Morgan Stanley, and is Vice-Chairman of MSREI, overseeing many of the real estate entity investments the firm has made around the globe and has been with the firm for over 25 years. Investa Group Executive, Campbell Hanan, will join Graham Monk and Scott MacDonald as executive directors on the Investa board.
Concurrently, CEO John Thomas has decided to step down from Investa Property Group and pursue other interests.
Rei Umekubo, head of MSREI Australia, said; "The board of Investa would like to thank John Thomas for his contributions to the group."
"We are confident these important changes to the board and management team of Investa will continue the company's growth and boost its presence in both Australian and offshore real estate markets," Mr Umekubo said.
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