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MIRA expands platform with new hire

Steven Sewell will be responsible for overseeing MIRA Real Estate in Europe and North America as the firm develops its real estate business in these two markets.

Macquarie Infrastructure and Real Assets (MIRA), the direct property and infrastructure investment arm of the Australian bank, has bolstered its European and US capabilities with the hire of Steven Sewell.

Sewell joins MIRA as executive director, real estate, based in London where he will be responsible for overseeing MIRA Real Estate in Europe and North America as the firm develops its real estate business in the two markets.

“With a strong track record in real estate funds management and capital transactions, Steven will be a valuable addition to the MIRA team as we continue to expand our global real estate platform,” commented Matthew Banks, global head of real estate for MIRA.

Sewell has moved to MIRA from Federation Centres (now Vicinity Centres), an ASX-listed REIT with A$22.7 billion (€14.5 billion; $15.7 billion) of Australian shopping centres under management, where he was the managing director and chief executive.

Prior to this, he spent seven years with Macquarie, latterly as chief executive of Macquarie CountryWide Trust, an ASX-listed REIT which owned shopping centres in Europe, Australia, New Zealand and the USA.

MIRA’s real estate team has been significantly expanded over the last 12 months with key senior hires including Ralf Nocker in Europe, Andrew Calderwood in the US, RK Narayan in India and Chia-Wen Toeh in Hong Kong.

MIRA Real Estate has £2.8 billion (€3.65 billion; $3.95 billion) of assets under management, as at 30 September 2015, with a portfolio of around 300 retail, commercial, residential and industrial properties in China, Mexico and Australia. The business has raised $1.9 billion in real estate capital in the last 24 months.