Investa Office Management Pty Ltd (IOMPL or ‘Investa’) today announced that Jason Leong will be appointed Group Executive and Fund Manager of its flagship wholesale fund, Investa Commercial Property Fund (‘ICPF’ or the ‘Fund’) effective from September 2016.
Mr Leong is currently Acting Fund Manager for ASX-listed Investa Office Fund (IOF), being appointed to that role in April 2016. Mr Leong will remain in this role until recently appointed Group Executive and IOF Fund Manager Penny Ransom commences at Investa and an orderly handover of responsibilities has been completed.
Mr Leong said: “I am thrilled to be appointed Fund Manager of ICPF. The quality of the portfolio and the team is second to none, and I am excited about the opportunity to drive fund strategy and deliver value-add and strong investment performance.”
Chief Investment Officer, Peter Menegazzo said: “Jason has been with Investa for over 8 years and is a very highly regarded and experienced executive. His appointment is very well supported by the investors and board of ICPF and is another great example of Investa’s effective succession planning and track record of promoting from within our ranks.”
Prior to his current role, Mr Leong was Chief Operating Officer (COO) at Investa, with responsibility for leading a team of more than 130 staff across all facets of asset, property, facilities and project management. Mr Leong led the office business through its customer centric restructure in 2013 and was a key member of the executive team facilitating the sale of the Investa business by Morgan Stanley in 2015.
Ms Sally Franklin, currently National Head of Asset Services has been promoted to Group Executive, Real Estate Services and Business Operations, assuming Mr Leong’s previous responsibilities as COO. Ms Franklin has been with Investa since 2006 and has extensive operational and transactional experience in the commercial real estate sector, with a strong track record in real estate strategy, management, people and culture.
Jonathan Callaghan, CEO Investa said: “I am very pleased with these senior management appointments. Sally and Jason bring a vast amount of local and global experience across the full spectrum of real estate management and operations. Their intricate knowledge of the office markets and the Investa operating platform, will provide a seamless transition for the Funds, its investors and the broader business.”
Mr Leong and Ms Franklin will both sit on Investa’s Senior Management Executive Committee.