Investa appoints new CEO and Managing Director
The Board of Investa Property Group is pleased to announce today the appointment of John Thomas as Investa's new Chief Executive Officer and Managing Director.
Investa Chairman, Rei Umekubo commented; "The board is delighted to welcome John to the strong existing management team at Investa, and looks forward to working with him in this important leadership role."
"John has over 20 years experience in the property industry and his deep knowledge of investment assets, commercial and residential development and funds management businesses, makes him ideal to head Australia's largest private property group."
"John has a great track record of achievement in his most recent roles and has the skills and experience necessary to lead Investa in the next stage of its growth. Attracting and appointing an executive of John's calibre emphasises Morgan Stanley's commitment to the ongoing success of Investa."
Mr Thomas said; "This is an exciting opportunity to work with a talented senior management team committed to taking the Group forward under its new ownership."
"I was attracted to the company's high quality investment portfolio, its expanding External Funds business, its strong pipeline of commercial and industrial developments and its ownership of one of Australia's leading residential developers, Clarendon."
"Moving to a privately owned environment which provides a platform for Investa to make swift decisions and grow its portfolio will be enhanced by Investa's access to Morgan Stanley's global real estate platform," Mr Thomas said.
The appointment of Mr Thomas follows the acquisition of Investa Property Group by Morgan Stanley Real Estate Investing in September 2007. He will join Investa on 14 January, 2008.
For further information, please contact Samantha Magnusson (02) 8226 9372
Investa was purchased by Morgan Stanley Real Estate in September 2007 and delisted from the Australian Securities Exchange. Following the purchase by MSRE, Investa had assets under management of approximately $8.3 billion, including an Australian commercial office portfolio of close to $5 billion, external funds managed on behalf of retail and wholesale investors of $2 billion and commercial and residential development businesses. Investa is a world leader in sustainability and up until its delisting was rated number one on the Dow Jones Sustainability World Index (DJSI) in both the real estate sector and the financial services super-sector and was also included in the "Global 100" most sustainable companies in the world.
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