THE Property Funds Association (PFA) has appointed Intertrust Australia executive director Andrew Cannane as president of its executive committee.
Cannane has served on the committee for 12 years and replaces Steven Bennett, CEO Direct Property at Charter Hall, who has finished his two-year term.
At the same time, Melissa Kingham the executive director of Haben Property Fund, has been appointed vice president of the committee.
PFA CEO Paul Healy said the association was delighted with the appointments.
“They each bring substantial knowledge, passion and experience to the committee.
“I thank our previous president, Steven Bennett, for his outstanding leadership and steady hand during the COVID-19 pandemic,” he added.
Cannane said unlisted property funds would continue to provide valuable diversification and returns for investors.
“Direct property has an incredible track record at providing income returns and capital growth. The opportunities to use direct property funds for greater diversification is also a major benefit to investors.
“It’s an exciting time to be in commercial property investment. The innovation we are seeing across the traditional and emerging property asset classes has been inspiring, and will play a key role in the COVID recovery.” Cannane said.
