Centuria announces senior internal promotions, strengthening leadership team for new property growth cycle

By Newsdesk

April 12 2024
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Centuria Capital Group (ASX: CNI or "Centuria") has strengthened its senior management structure with several internal promotions, effective from Monday, 15 April 2024.

The new senior roles are part of a strategic plan to ensure Centuria is well-positioned to capitalise on market growth as the green shoots of real estate transactions gain momentum, indicating the potential eve of a new property cycle.

Jason Huljich, Centuria Joint CEO, said the company is proud to announce these senior roles have been filled by long-standing current members of the Centuria team who build on the legacy they have helped create.

Andrew Essey has been promoted to the newly created position of Chief Investment Officer (CIO), responsible for the Group's investment strategy, transactions, and institutional capital.

Previously, he was Group Head of Transactions and successfully executed more than $11 billion of direct real estate transactions between 2017 and 2024.

Essey said Centuria has a strong reputation for executing landmark real estate transactions through leveraging their deep industry relationships and broad skillsets, and he looks forward to continuing their strategic real estate platform expansion.

Jesse Curtis is appointed Head of Funds Management, responsible for both listed and unlisted property funds across the office, industrial, retail, healthcare and agricultural sectors, including more than 100 open and closed-end unlisted funds.

Previously, he was Centuria's Head of Industrial and Centuria Industrial REIT (ASX: CIP) Fund Manager, increasing CIP's AUM to $3.9 billion from $1.2 billion.

Curtis said Centuria's fund management track record extends beyond 26 years and in this time the company has generated a strong $20 billion of real estate assets under management, and he believes they are well positioned to take advantage of emerging market conditions to further grow their portfolios and deliver compelling returns to their investors.

Grant Nichols is promoted to Head of Listed Funds and CIP Fund Manager, the latter of which will assume responsibility for Australia's largest listed pure-play industrial REIT.

Previously, he was Centuria's Head of Office and Centuria Office REIT (ASX: COF) Fund Manager, increasing COF's AUM to $2.1 billion from $1.4 billion.

Belinda Cheung is promoted to COF Fund Manager, responsible for Australia's largest listed pure-play office fund.
From April 2022, Cheung was COF's Assistant Fund Manager.

Following Essey's promotion, Nathan Guo will assume the role of Head of Transactions, responsible for originating and managing the Group's property transactions across all real estate sectors.

Previously, he was Senior Transactions Manager across Office and Industrial.

Huljich concluded, "As Centuria evolves, we adjust our management structure to reflect our growth and ensure the most adept personnel are in place to lead each of our business divisions.

We congratulate Andrew, Jesse, Grant, Nathan and Belinda on their promotion and are confident they will build on Centuria's success in their new roles."

Centuria announces senior internal promotions, strengthening leadership team for new property growth cycle