JUSTIN Clarke is leaving McGees Property after 20 years to focus on the boutique fund management company he co-founded with Vaughan Hayne in 2016, Exceed Capital.
Clarke joined McGees in 1994 and was eventually appointed as the 1889-founded group’s national chairman.
“It’s been a privilege and honour to have led McGees and to be a custodian of one of Brisbane’s iconic companies, but after 30 years it is time for others to take the reins,” said Clarke.
“We are often referred to as the best breeding ground for property professionals, and you have to admire the amount of talent we have produced.”
Exceed Capital has made successful investments in commercial real estate with around $300 million of assets under management and property trusts in North Lakes, Goonellabah, South Grafton, Robina and Townsville.
With the retail property in Varsity Lakes, purchased half vacant during the pandemic, before the fund management company transformed the property to deliver a FY23 cash return rate of 9%.
“My focus now is to work with Vaughan to build another legacy,” added Clarke.
“We’re both passionate, experienced people who’ve managed to not just acquire good property and co-invest but improve returns for our investors through our management practices.”
