Frasers Property is gearing up for major growth in its retail business this year, with Coles’ Joanna Russell and Vicinity Centres’ Tim Moore coming across to help manage the boom.
Ms Russell has been appointed general manager – retail development. She was previously state property manager for Coles in NSW/ACT, where she managed the leasing and development functions for the company, and oversaw high profile retail acquisitions and developments, including Kellyville Plaza, East Village, Surry Hills Shopping Centre and many commercial projects.
Mr Moore was the regional leasing manager with Vicinity Centres, and brings experience at a national level in leasing, asset management, project management, retail planning and marketing, and has overseen leasing of numerous major retail redevelopments, including Cranbourne Park and The Glen in Victoria, as well as Bankstown Central and Warriewood Square in NSW.
Frasers Property’s executive general manager – retail Peri Macdonald said the appointments were due to retail being a major growth sector.
“From almost a standing start two years ago we are now managing the development and delivery of eight retail precincts across NSW and Victoria,” Mr Macdonald said. “Our pipeline will continue to increase in the years ahead following our decision, just over a year ago, to develop and hold a high quality portfolio of retail properties.”
He said Ms Russell would be integral to the success of retail projects being developed at Edmondson Park and Eastern Creek in NSW, and at Burwood Brickworks and Wyndham Vale in Victoria, as well shopping centres integrated into residential communities.
“Our retail business is poised for major growth and we’re fortunate to be able to call on Joanna’s expertise to build and manage the teams to deliver these major new projects,” Mr Macdonald said.
Mr Moore will be responsible for building a “high performance leasing team”, with the retail business having a pipeline of 250 retail shopfronts over 80,000 square metres.
“His appointment is a statement of intent for the future of Frasers Property’s Retail business,” Mr Macdonald said.
“We emphasise the importance of place-making within our developments to ensure we deliver a sustainable, optimal tenancy mix. Given the size of our pipeline, it’s now critical to have in-house leasing resources to achieve this and Tim’s appointment is the first step.”
There are also plans to increase the leasing team’s size in the first half of 2017.