New head of property at JLL

by FM Media

Jones Lang LaSalle has appointed Richard Fennell to the position of Australian head of property and asset management.

The Australian CEO of Jones Lang LaSalle, Stephen Conry says Fennell brings 15 years’ experience in the property industry to the role, which will greatly contribute to Jones Lang LaSalle’s continued dominance as the biggest property manager in Australia.
Fennell joined Jones Lang LaSalle in 2002. He has worked across a number of the firm’s major national property management accounts. He replaces Ian Bottrell, who has relocated to Jones Lang LaSalle in Shanghai.
“Major recent appointments for our property management business have dramatically increased Jones Lang LaSalle’s market share in outsourced property management services,” Conry says.
“These appointments include the national management and leasing for over 20 shopping centres owned by Woolworths Ltd, bringing Jones Lang LaSalle’s total portfolio of shopping centres under management to over 100, the appointment to manage Aurora Place in Sydney (also recently sold by Jones Lang LaSalle), Floreat Forum and One40william in Western Australia, SA Water headquarters in South Australia, 420 George Street Sydney and the ATO’s ACT headquarters.
“Richard has been working with Jones Lang LaSalle’s property management business for eight years and over that time he has managed iconic office properties in the Sydney CBD, including Sydney Central, Citigroup Centre and Australia Square. This has given him an in-depth knowledge of all facets of property management on behalf of clients.
“He has managed Colonial’s ‘Colonial Management Services’ portfolio and headed up the Premium Asset Group, giving advice to clients on premium assets.
“His experience and expertise will ensure our property management business continues to expand in 2010.”
Already this year, Jones Lang LaSalle has been appointed to manage one of Australia’s finest landmarks & iconic premium asset, Aurora Place in the Sydney CBD and this was followed by the appointment to manage Orchard Funds Management’s more than 400,000 sqm portfolio of office, industrial, retail and healthcare assets across Australia and New Zealand.

Fennell says the priority for Jones Lang LaSalle this year is the roll-out of the latest financial services software for the firm’s clients.
“Over the past 18 months, we have been building and customising the MRI platform (Version 4) to provide our clients with the latest and most integrated financial management and reporting tool for their property management.
“This new system will provide clients with enhanced and the most up-to-date financial services system in the market.
“The economic downturn has led to landlords focussing more closely on the fundamental metrics of managing their property assets. The new MRI platform will enable them to scrutinise the financials of their assets more closely, to ensure they get the optimum performance for investors and have the best possible risk strategies in place to protect their asset.”

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