Macquarie Real Estate has launched a new in-house management business.
Macquarie Real Estate Management Services will offer centralised financial and property management services to the expanding portfolio of real estate products managed by the Macquarie Bank Group around the world.
Macquarie Real Estate’s executive director and chief executive officer of MREMS Ross O’Toole said the development reflected Macquarie’s focus on customers.
Real estate management for Macquarie CountryWide Trust’s Australian and New Zealand portfolio of over 50 shopping centres has been successfully provided by Savills for the past 10 years. MREMS is working closely with Savills to ensure a smooth handover.
In addition to the Australian-based Macquarie CountryWide centres, MREMS has initially offered to provide centralised financial management services to the $5 billion Macquarie Office Trust and the growing Macquarie Direct Property Fund.
By Nelson Yap
