Kiwi Property Group Ltd announced what it called “a streamlined executive team structure” yesterday, to align its business more strongly to growth opportunities and position it better for continued success.
Kiwi Property owns & manages a $3 billion portfolio. As well as a new focus on mixed-use communities, it will look at funds management.
The new executive team structure has been designed to:
- evolve the company’s core strategy to create mixed-use communities where it can derive the combined economic benefits from synergistic mixed uses, such as office, retail, hotels, civic, entertainment, dining, residential & medical
- provide dedicated property investment & funds management resources to drive its mixed-use focus and further leverage its property platform into third party asset management opportunities
- drive rental income growth from the existing property portfolio
- increase collaboration across the property asset classes & teams, and
- seek operational efficiencies.
Chief executive Clive Mackenzie said: “The company’s strategy has been gradually evolving beyond standalone office & retail property ownership to a more diversified investment approach.
“The organisational realignment further cements our strategic evolution to more purposefully focus our business on extracting value from a mixed-use property approach, and by building additional income streams, such as from funds management & third-party asset management.”
The new executive team structure comprises the chief executive & the following roles:
Asset management general manager:
Linda Trainer, formerly retail general manager, will lead collaboration across the asset classes, bringing to the role over 20 years of property, management & marketing experience.
Development general manager:
Ian Passau will continue to lead the company’s development & major capital works programmes across the entire property portfolio, bringing 30 years of project, design, construction & development experience to the role.
Finance & shared services general manager:
An executive search is underway to fill this newly created role.
Funds management & capital markets general manager:
Gavin Parker, formerly chief operating officer, is responsible for establishing a property funds management business within Kiwi Property. He has over 20 years’ experience in property investment, funds management, capital management & investor relations.
Income & leasing general manager:
Aubrey Cheng, formerly retail leasing manager, has over 18 years of property experience and will drive all property-related income, including leasing, space optimisation & advertising. He will also be responsible for developing & maintaining tenant relationships.
People & communications general manager:
Kylie Eagle, formerly head of people & culture, will lead Kiwi’s people & communications strategies. She’s been a member of the company’s leadership team since 2011 and has extensive experience in human resources, organisational transformation & communications.
Property investment general manager:
Michael Holloway, formerly commercial general manager, will be responsible for all forms of property investment. He has 23 years’ experience in property & asset management.
Mr McKenzie said David Greenwood, Jason Happy, Shelley Jenkin, Natasha Loulanting & Trevor Wairepo would continue to support the business in their roles.
Mr McKenzie said Stuart Tabuteau had decided to pursue new opportunities after progressing through the business in several roles over 13 years, and would remain in the role of chief financial officer until the end of June.
Mr Mackenzie said: “Stuart has been instrumental in shaping our finance team & investor reporting, and has assisted the business on many of its major capital markets & corporate initiatives, including the company’s internalisation & corporatisation events. I take this opportunity to thank Stuart for his 13 years at Kiwi Property and wish him every success in his future endeavours.”
Attribution: Company release.