GLOBAL real estate investment managers Nuveen Real Estate have appointed Dugald Marr as head of debt for Australia and New Zealand.
Marr will bring more than 20 years of experience in real estate investment and debt financing to the role, having most recently worked as managing director and head of real estate at Crédit Agricole Corporate & Investment Bank Australia.
The new position will see Marr heading up Nuveen’s expansion of its US$538.5 million Australasia debt portfolio, while also concentrating on investing client capital in both countries or pooled funds and separate accounts.
Marr will also oversee the deployment of TIAA debt allocations into Australia.
“A rising interest rate environment amid elevated economic and market uncertainty will provide more attractive opportunities for us to participate in the growing Australian real estate debt arena,” said Jack Gay, global head of debt at Nuveen.
“Dugald’s appointment will complement our existing team in growing our platform and strategy to include third party capital alongside our parent TIAA.”
Nuveen Real Estate’s global commercial real estate debt platform invests across the capital structure, seeking income-focused, stable and attractive, risk-adjusted total returns for investors through a diversified portfolio of investments.
The group’s debt platform currently has US$44 billion in assets under management with over 520 investments.
While Nuveen has US$6.7 billion in assets under management across the Asia Pacific region in both real estate equity and debt.
Earlier this year, Nuveen Real Estate launched its first purpose-built student accommodation project as part of its Australian housing platform.
