Property group ramps up distribution
Boutique property group SAITeysMcMahon is aiming to take advantage of what it calls a structural shift towards unlisted property by significantly extending the reach of its distribution force.
The firm has made three new appointments, which includes the former head of Professional Investment Services (PIS) in New Zealand John Ntatsopoulos, to give it an on-the-ground presence in New South Wales, Queensland and Victoria.
Joining Ntatsopoulos are former Westpac Private Bank executive manager Kaye Martin and Macquarie Bank’s Craig Archer, who spent several years with Macquarie working across private equity and alternative assets.
SAITeysMcMahon executive director distribution Judy McMahon says the appointments are due to the group more than doubling its inflows over the past two years to $700 million and a desire to have a more local presence.
According to Melbourne-based Property Investment Research, the proportion of funds headed for retail unlisted commercial property that is invested through boutique funds managers has increased from 2.9 per cent to 16.6 per cent between 2000 and 2003.
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