Real Estate

AMP Capital appoints new fund manager for flagship property fund

By AMP Capital media team

AMP Capital today announced Kylie O’Connor has been appointed Fund Manager of the AMP Capital Diversified Property Fund (ADPF).

Ms O’Connor will be responsible for delivering the strategy, growth and investment performance of the A$4.2 billion fund.

Reporting to AMP Capital Head of Property Funds Management Chris Judd, Ms O’Connor replaces incumbent Fund Manager Louise Joslin, who is retiring from executive roles. Ms O’Connor will commence her new role in mid-2015.

Mr Judd said he was delighted to welcome such a high-calibre property professional to the AMP Capital Property business, which is experiencing significant growth and momentum.

“Kylie brings very strong credentials to the role gained from more than 16 years in the property industry, with extensive experience spanning a range of real estate investment management disciplines,” he said.

“Our team’s capability will be complemented by Kylie’s diverse skillset as we continue to provide investors with compelling investment opportunities and consistent investment returns over the long term.

“ADPF has benefited from strong investor support following the recent oversubscribed capital raising. The fund is well positioned to capitalise on existing development opportunities within the portfolio as well as strategic acquisitions.

”Ms O’Connor has worked for Lend Lease for the past 14 years, most recently as Fund Manager for several funds, and has broad experience across a variety of property fund disciplines.

One of the largest, unlisted property funds in the country, ADPF has total assets of more than $4.2 billion and currently comprises investment in 18 high-quality assets across the Australian office, retail and industrial property sectors. This includes the newly-developed Macquarie Centre in Sydney; Pacific Fair on Queensland’s Gold Coast, which is currently undergoing significant re-development; and potential developments at Garden City Booragoon in Western Australia and Quay Quarter Sydney.

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Important notes

While every care has been taken in the preparation of this article, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455)  (AMP Capital) makes no representations or warranties as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. This article has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. An investor should, before making any investment decisions, consider the appropriateness of the information in this article, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. This article is solely for the use of the party to whom it is provided and must not be provided to any other person or entity without the express written consent of AMP Capital.

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