JLL’s Australasian head of research, Andrew Ballantyne, has been appointed to managing director of New South Wales.
Having worked at JLL as a commentator, consultant and industry economist for 15 years, Ballantyne’s promotion sees his role expanded into an additional senior management and leadership position at JLL.
Ballantyne will also continue in his current position heading up the firm’s research division for the region, leading the team of 27.
Ballantyne is stepping into the role left open by Dan Kernaghan who became the group’s Australian CEO back in April.
“Andrew is a leader within the property industry for his extensive market knowledge. Over the years, he has been a leading source of unique insights around the development of major office precincts in Australia, including Barangaroo South in Sydney and Melbourne’s Docklands,” said Kernaghan.
“Andrew has a strong track record in client service, providing customised analysis to our clients across the commercial, residential and alternative real estate sectors. He is also a strong advocate of the importance of understanding ESG as it relates to the built environment.”
Ballantyne started as Victorian research manager at JLL in 2007, before being appointed to a national role as head of strategic research, Australia.
“His in-depth understanding of the NSW economy, client-centric mindset and strong track record of leading high performing teams, combined with his commercial acumen and MBA qualifications, makes him the ideal candidate to lead the NSW business into the next phase of growth. After leading the NSW business for more than five years, I’m delighted to hand over responsibility to someone of Andrew’s calibre,” added Kernaghan.
Kernaghan also noted the ongoing growth of JLL’s NSW business with its expansion into Western Sydney, as demand for property advisory services in the area soars.
“NSW has a strong infrastructure pipeline, and the completion of these projects will play a major role in shaping our state, increasing NSW economic development and prosperity. We believe that infrastructure changes real estate markets and these major projects will create new opportunities for developers, investors, financiers and occupiers,” said Ballantyne.
JLL currently has a team of more than 1,400 people delivering speciality real estate services across NSW.
“I’m excited to be leading JLL’s NSW business into its next phase of growth. We remain committed to providing a high level of service to our clients across our core services, while seeking to further develop our capabilities in the areas of real estate alternatives, sustainability, strategic consulting and technology,” concluded Ballantyne.
