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AMP Capital today announced the leadership team for its retail real estate business, which is responsible for the fund, investment, property and development management for the shopping centre portfolio. This follows a restructure announced in August this year, where the real estate business was realigned along sector specialisations.
Mark Kirkland has accepted the new role of Head of Retail Development and Asset Creation. This newly created role will have expanded responsibilities beyond master planning and delivery of projects to also focus on coordinating AMP Capital Real Estate’s mixed-use asset creation capability as well as the origination of development investment opportunities for our clients. Currently Head of Retail, Mr Kirkland has been with AMP Capital for seven years, with more than 30 years of experience in real estate including development, operations and construction.
Strengthening the accountability of our asset and investment management teams, Marco Ettorre will be joining AMP Capital to take on the role of Head of Retail and Investments. In this role, Mr Ettorre will be accountable for driving performance, innovation and cultural change through our integrated retail platform and leading the property management, leasing and investment management teams. Currently the Acting Head of Retail at Lendlease, Mr Ettorre has spent over 20 years in a number of senior roles, across all aspects of retail management including fund management, leasing, development, asset and investment management.
AMP Capital Managing Director of Retail, Real Estate Brett Williams said he was pleased to put in place the leadership team to set up the business for the future.
It’s exciting to announce two new roles for our retail business, and the two exceptional real estate professionals we’ve appointed. As we enter a new phase of the property cycle, we’re able to offer clients access to new, compelling development opportunities.
Given Mark’s passion and well-regarded experience in development, he’s the perfect candidate to take on this opportunity to lead the next iteration and both deliver our pipeline and grow our development offer for clients.
“I’m very pleased to welcome Marco to AMP Capital to head our Retail team at a time in the market that offers both opportunities and challenges. Marco is highly regarded by both retailers and investors and has the right experience, skills and cultural fit to lead the next evolution of our retail team. I’m confident that both of these changes will allow our business to evolve and actively respond to the opportunities in retail, and to ultimately drive better investment performance and innovation for our clients,” Mr Williams said.
Following these appointments, Justine Hughes as Head of Asset and Investment Management and Greg Antoniadis as Head of Shopping Centre Development will be leaving the business.
Also reporting to Brett Williams on the Retail Leadership Team are Conrad Sinclair, AMP Capital Shopping Centre Fund Manager (ASCF) and AMP Capital Diversified Property Assistant Fund Manager Tom Green.
The new roles are effective January 2020, with Mr Kirkland continuing to lead the retail business until then, at which time both he and Mr Ettorre will report directly to Brett Williams.
AMP Capital is one of the largest direct real estate fund managers in the Asia-Pacific1 with more than $28 billion2 in assets under management on behalf of global investors. AMP Capital’s extensive global network and integrated management model allows its 600-strong team of real estate professionals to realise true value for clients through the investment management, property management and development of a portfolio of some of the most iconic shopping centres, office buildings and industrial estates across Australia and New Zealand. AMP Capital’s Retail team is a specialised team that combines world-class experience and specialist capabilities in the management of some of Australia and New Zealand’s most successful and high-performing retail centres, underpinned by comprehensive knowledge of the shopping centre industry and backed by extensive research.
Mark Kirkland biography
Appointed Head of Retail in January 2017, Mr Kirkland oversees a team of more than 300 people responsible for centre, asset, property and development management, leasing and marketing across the Australian and New Zealand portfolio. He brings 30 years of major project experience in the property sector, with 27 years focused on retail.
Joining AMP Capital in late 2012 as Head of Development for the shopping centre business, Mr Kirkland oversaw the delivery of major expansions of Macquarie Centre in New South Wales, Ocean Keys in Western Australia and Pacific Fair in Queensland, the positioning of WA centres Garden City and Karrinyup for major redevelopments, and the master-planning of many other assets in the portfolio.
Prior to joining AMP Capital, Mr Kirkland worked in both Australia and the UK in a variety of roles encompassing construction, project management and development management functions, including a number of key positions with Lend Lease, GPT and Stockland.
Marco Ettorre biography
Mr Ettorre has more than 20 years’ experience across asset and investment management, development, leasing and fund management roles. Mr Ettorre is currently Acting Head of Retail at Lendlease.
Mr Ettorre joined Lendlease in 1997. He was appointed as Head of Leasing in 2013 and returned to the role in 2015 following a period as Fund Manager for Lendlease Real Estate Partners New Zealand, Lendlease Sub Regional Retail Fund and a number of separate mandates.
As Head of Leasing, Mr Ettorre was responsible for implementing and delivering against Lendlease’s retail leasing strategy, with a core focus of driving returns and maintaining relationships with key international and national retailers. He was also responsible for overseeing strategy regarding new business and acquisitions, working closely with the capital transactions team.
Mr Ettorre holds a Bachelor or Commerce, majoring in Finance and Marketing from the University of New South Wales.
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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) 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.