Consolidated boosts Sydney & Brisbane teams

CONSOLIDATED Properties has appointed two deal finder specialist project partners to its Sydney and Brisbane offices.

Jason Walter and Shannon Down will join the Sydney and Brisbane offices respectively and focus on identifying strategic off-market investment and development opportunities in both regions.

Managing director Don O’Rorke said the appointments were part of the ongoing expansion of the group’s deal-finder network along the eastern coast of Australia.

“We believe there will be excellent counter-cyclical purchases to be sourced off-market in the short to medium term and have invested in bolstering the team to ensure we efficiently capture these opportunities,” O’Rorke said. “Our focus is on building our workbook of projects, with a long term end value of approximately $2 billion, through strategic acquisitions,”

O’Rorke said the ability of project partners to identify deals off-market provided a significant competitive advantage in the marketplace.

Prior to joining Consolidated Properties, Down was Mirvac’s director of acquisitions for Queensland. He was involved in the acquisition and management of the recently released $1.1 billion Waterfront project at Newstead on the Brisbane River.

He has also been instrumental in the acquisition of the $1.1 billion Gainsborough Greens project at Pimpama and the $650 million Tennyson Riverside Development incorporating the State Tennis Centre in Brisbane.

In Sydney, Walter joins the group after spending time with Lend Lease, Stockland and Valad Property Group. His development experience includes projects in the retail, commercial, bulky goods, residential and industrial sectors.

Australian Property Journal