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Centennial taps ex-Charter Hall senior fund manager to oversee the group’s continued national industrial & logistics expansion
Centennial appoints Richard Mason as Head of Industrial & Logistics Transactions
Mr Mason will oversee Centennial’s I&L Transactions team spread across NSW, QLD, VIC & SA
Mr Mason’s role is pivotal as Centennial expands into new, I&L growth sub-sectors
NATIONAL: Leading national property fund manager and developer, Centennial has hired ex-Charter Hall Industrial & Logistics Fund Manager, Richard Mason to lead the group’s continued growth into the mid-space industrial and logistics sector.
Mr Mason’s strong background in valuation, transactions and investment management spanning over 30 years in the Australian I&L market, has seen him work across a wide range of property markets and disciplines including his most recent role heading Charter Hall’s flagship Prime Industrial Fund where he steered the fund’s growth into an over $14 billion powerhouse of I&L assets, and a development pipeline of over $3 billion.
Reporting to Centennial’s Executive Director, Paul Ford, Mr Mason’s appointment to lead the group’s national I&L Transactions team is seen as a pivotal move to bolster Centennial’s leadership team’s capabilities by adding another strong layer of expertise in transactions and funds management, with a heavy emphasis on the I&L sector.
Mr Ford said Mr Mason’s move to Centennial follows a 17-plus-year career at Charter Hall specialising in the I&L sector and responsible for and directly involved in over $10 billion of new acquisitions, more than $2 billion of divestments and over $5 billion of completed developments together with equity raisings in excess of $7 billion.
“The appointment of Richard as Head of Industrial & Logistics Transactions will see us continue to create new products and diversification into other I&L sub-sectors, while continuing to access deep value off-market opportunities to ensure we are maximising returns for our global and domestic capital partners.”
Mr Ford went on to say that Centennial was undergoing a targeted growth phase across three states in preparation for more opportunistic property deals expected to eventuate as the market undergoes further corrections before stabilising.
Centennial CEO, Adrian Taylor said “We have leased new office premises in Brisbane and Melbourne in preparation for this growth and have expanded into other asset classes such as retail, with our Sydney team also bolstering its wealth and asset management teams to enable a greater focus on other commercial property assets that could include distressed office assets.”
Mr Mason will be based in Centennial’s Sydney office and oversee the company’s national I&L Transactions team, spread across four states in Queensland, New South Wales, Victoria and South Australia. He will manage the origination and execution of new acquisitions, assist the development team to facilitate new production and oversee divestments to maximise investment returns while leading and mentoring the broader I&L Transactions team.
Centennial currently has more than $2.4 billion worth of property assets across Australia with a further
~$900m of projects in the pipeline.
