FORMER co-head of real estate at Blue Sky Alternative Investments, James MacGinley has been appointed by Consolidated Properties Group to the new role of chief operating officer.
He joins the company after holding senior roles in Brisbane, Sydney and London, with high profile corporations including Macquarie Group, BHP Billiton and National Australia Bank.
Chief executive and chairman of CPG, Don O’Rorke, said the growth of the company, which currently has a total of $2.3 billion in projects planned or under development, had created the need for a dedicated COO.
At Blue Sky, MacGinley executed the sale of the embattled group’s retirement living development business in 2018 and the $700 million sale of the Atira Student Accommodation business to Scape in 2019.
O’Rorke said MacGinley would focus on a range of strategic initiatives including accessing further capital to help guide CPG’s roll-out of a pipeline of projects across the commercial, retail and residential sectors.
“James comes to us having held senior leadership positions in a number of highly respected organisations and there is no doubt he will be an asset to the CPG family.”
CPG is about to launch the first stage of residential at its $850 million Yeerongpilly Green urban renewal project in Brisbane.
