Propertylink, the Sydney-based investment management firm, has appointed Stuart Dawes as chief executive officer.
Dawes was previously working as the chief operating officer for the firm, a role which he has held since 2014. Additionally he was also Propertylink’s head of investment management. According to a company statement the firm’s assets under management grew to A$1.7 billion (€1.13 billion; $1.26 billion) from A$36 million under Dawes’ leadership.
Following the promotion, Stephen Day, managing director of Propertylink will now be the firm’s executive director and vice chairman.
“While I will remain actively involved in the business at board and management level, now is the time to pass the leadership baton at Propertylink to Stuart,” Day said on the leadership change. “He is the right person to guide the business through its next stage of growth and I know Stuart will be an excellent chief executive officer.”
Dawes has more than 17 years of experience in property investment management.
“I am delighted to be leading a team of industry specialists who can help utilise Propertylink’s market knowledge and connections to deliver superior outcomes for investors. It is an exciting time in the commercial property sector where we are seeing significant demand from institutional investors both in Australia and offshore,” he said.
In another executive promotion, the firm has appointed Casey Greenberg, who was working in National Capital Transactions for the Industrial division, to the role of general manager for capital transactions.
Propertylink has more than A$1.7 billion in assets under management, a majority of which are located in Sydney and Melbourne. In February this year the firm partnered with the London-based firm Grosvenor to launch an office-focused investment fund in Australia. This was followed by the acquisition of a portfolio of industrial assets in the country for A$135.3 million via the Propertylink Australian Industrial Partnership II, the firm’s second value-add vehicle.