Real estate investment fund Cromwell Property Group has promoted Chris Hansen to head of development, to oversee development and project management initiatives in both Australia and Europe, from 1 February, 2021.
Hansen joined Cromwell in 2013 and had experience in both development and project management after he worked on the $131 million refurbishment of the Qantas Global HQ and led the $130 million redevelopment of Northpoint Tower.
Under his remit as head of development in Australia, Cromwell had recently received development approvals for 19 National Circuit in Canberra, 475 Victoria Avenue in Chatswood, North Sydney and 700 Collins Street in Melbourne.
Michael Wilde, acting chief executive, said Hansen would be tasked with managing the development book across the entire platform.
“Cromwell has been adding value through proactive asset management, repositioning and refurbishment strategies since inception in 1998,” Wilde said.
“However, in this era of low interest rates, this capability is more important than ever.
“This will include ensuring we select and successfully progress the right projects, manage risk and deliver the outcomes that securityholders, investors and capital partners expect."