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

This article has been prepared to provide general information and does not constitute 'financial advice' for the purposes of the Financial Advisors Act 2008 (Act). An individual investor should, before making any investment decisions, consider the information available in the relevant Product Disclosure Statement and seek professional advice. While every care has been taken in the preparation of this document, AMP Capital Investors (New Zealand) Limited and the AMP Group (together, 'AMP') make no guarantee that the information supplied is accurate, complete or timely and do not make any warranties or representations in respect of results gained from its use. The information is not intended to infer that current or past returns are indicative of future returns. The views expressed are those of the author and do not necessarily reflect those of AMP. These views are subject to change depending on market conditions and other factors.

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