Gresham Property poaches from JLL Australia
Gresham Property has invested capital in transactions with an end project value exceeding $10 billion. Karl Hilzinger
Gresham Partners’ growing property investment business, with some $3.5 billion in funds under management, is signalling big plans for Queensland, hiring its first staffer in Brisbane.
Matthew Duncan joins the funds manager as an investment director, and will help oversee Gresham’s fast-growing portfolio which is largely invested in stretch senior property loans.
Duncan was formerly head of debt advisory Australia at JLL, and also had a stint at Brookfield Asset Management. He started his funds management career at Macquarie.
Gresham Property has eight closed-end property funds which are invested in projects across Australia. In all, the investments have an end value of more than $10 billion. Capital is sourced from institutional relationships and the firm’s balance sheet.
“Notwithstanding challenging market conditions, Gresham Property has significant funding capacity and remains an active lender to property developers and owners,” Gresham Property’s managing director, Ami Simon, told Street Talk.
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