The Asia Pacific Real Estate Association (APREA) has appointed Peter Verwer as its new chief executive following the resignation of Peter Mitchell, who has served in the position for seven years, according to a company statement.
Mitchell tendered his resignation last year, but will not step down until June 30. He has served as the association’s chief executive since 2006, and oversaw the non-profit organization’s rebranding from Asia Public Real Estate Association in 2010.
Mitchell is expected to retire following his departure, but APREA chairman Swe Guan Lim told PERE that Mitchell might seek some independent directorships in listed real estate companies.
Verwer currently serves as the chief executive of the Property Council of Australia, an Australian non-profit that advocates for the $670 billion investment property industry in the country regarding public affairs and regulation. The Property Council also operates learning, research, publishing and networking businesses.
According to the release, Verwer’s current political priorities are tax modernization, urban policy, sustainability, financial services and regulatory reform. Verwer is already a member of at least nine public and private sector boards, including the Australian Construction Industry Forum and the Green Building Council of Australia. He chairs three of those boards, including the Construction Forecasting Council.
“This follows an extensive search and the board of directors [of APREA] is delighted that Peter has accepted our offer,” Lim said in the statement.
APREA's goal is to represent and promote the real estate asset class in the Asia Pacific region. Its membership comprises real estate developers and operating companies, listed real estate trusts, unlisted property fund managers, financial institutions, pension funds, sovereign wealth funds and other institutional investors as well as advisors. The organization also hosts some training programs for its members.