Perennial Investment Partners has appointed David Kivell to the role of managing director and head of Perennial real estate investments.
With 30 years experience in funds management, research, financial services and accounting, Kivell's previous roles include managing director at CBRE Global Real Estate Securities, and Macquarie Funds Management's head of global real estate securities and head of Australian real estate securities.
He was instrumental in growing both Macquarie's domestic and global real estate businesses, with domestic real estate assets under management growing from less than $500 million to more than $3 billion under his management.
Commenting on his appointment, Kivell said there were great investment opportunities in listed property securities and Perennial was well positioned to capitalise on these opportunities.
Replacing Stephen Hayes, Kivell will manage a team of 10 investment professionals located in Sydney, Hong Kong, Connecticut and Amsterdam.
