Placer Property Money Management - Fund Manager of the Year 2018 Finalist
 
     
   
 
 
     
 
About Placer Property

Overview
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Placer Property Limited holds an Australian Financial Services License (AFSL 442806) from the Australian Securities and Investment Commission.

Placer Property Limited draws on the extensive experience of its directors and the skills and knowledge of senior management who are specialists in property syndication, having on average more than 19 years of property related experience.

Placer Property is currently managing three retail property funds representing approximately $120 million funds under management.

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Our Philosophy
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As a specialist property fund manager, Placer Property's primary objective is to facilitate high quality commercial property investment opportunities for investors.

Placer Property is focused on Australian property investment opportunities, primarily in the retail and office sectors. Placer Property identifies quality investment opportunities that are:

  • Anchored by financially strong tenants.  For retail property, this would include tenants such as Australia’s leading supermarkets.  For office property, this would include tenants such as commonwealth or state governments or A-rated corporate businesses;
  • Secured by tenants with long lease terms, that provide predictable and secure cash flows; and
  • Located in prime locations.

Placer Property actively manages its real estate portfolio, maintains strong relationships with its tenants and continually looks for value enhancing opportunities for its investors.

Placer Property also considers that its property investments should be managed with gearing levels at 50% or lower, and that appropriate interest rate hedging strategies be adopted to manage risk and returns for its investors.



Board and Management
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James Walsh – Non Executive Chairman

James was appointed to the Board of Placer in March 2018 and is a member of Placer’s Audit, Risk Management and Compliance Committee.
James has over 28 years’ experience as a company director and has considerable expertise across a diverse range of industrial and service businesses and particularly in the areas of strategy, M&A, risk management, financing and the management of growth. James is currently the Chairman of GMHBA Limited and Non Executive Director of A.G. Coombs Group Pty Ltd. James holds a Bachelor of Commerce from Deakin University, a Master of Business Administration from Melbourne Business School and is a graduate from the Australian Institute of Company Directors. James is a Fellow member of the Institute of Chartered Accountants in Australia.

Janette Kendall - Non Executive Director

Janette was appointed to the Board of Placer in March 2018. Janette has more than 23 years’ board experience across public, private and not-for-profit organisations, spanning a range of industries including marketing and technology, advertising, digital media, supermarkets and the arts.
Janette has significant expertise in strategic planning, digital innovation, marketing, operations and leadership across a number of industry sectors including digital and technology, marketing and communications, media, retail, fast-moving consumer goods, hospitality, gaming, property and manufacturing. Janette is currently a Non-Executive Director of Nine Entertainment Co Holdings Ltd, Vicinity Centres, Costa Group, Wellcom Worldwide and Melbourne Theatre Company. Janette holds a Bachelor of Business – Marketing, and is also a Fellow of the Australian Institute of Company Directors.

Tom Davis – Executive Director

Tom was appointed Executive Director of the Responsible Entity in August 2017.
Tom is a Partner with KordaMentha Real Estate. He has worked with KordaMentha for 12 years. During that time, Tom worked on complex strategic property portfolio reviews, asset divestment, investment analysis and management, as well as operational and turnaround management.
Tom’s responsibilities at KordaMentha Real Estate include real estate investment advisory, principal investment and structured finance investment, transaction and asset management.

Tom holds a Bachelor of Business (Property) with Distinction from RMIT University and a Graduate Diploma of Applied Finance and Investment from the Financial Services Institute of Australasia. Tom is also a Licensed Real Estate Agent. 


David Omond – Joint Managing Director

David is a co-founder of Placer Property and was appointed Joint Managing Director in September 2013. David has more than 30 years' experience in commercial property management, development, funds management and corporate finance. 
David is well versed in managed investment schemes and has specialised in unlisted property funds management. Prior to forming Placer Property, David held numerous senior management positions at Heine Management, MCS Property and Centro Properties Group. David holds a Bachelor of Business (Property) from the University of South Australia.

Mario Papaleo – Joint Managing Director

Mario is a co-founder of Placer Property and was appointed Joint Managing Director in September 2013. Mario has more than 20 years' experience in direct real estate, listed/unlisted property investment and funds management. 
Before forming Placer Property, Mario worked in various property and funds management roles including fund manager of the Centro Retail Trust through its restructure and aggregation to form part of Federation Centres.  Mario was an Analyst and Syndicate Fund Manager for Heine Management Limited. Before joining Heine, Mario obtained direct property and asset management experience working for McDonald’s Australia Limited store development group. Mario holds a Bachelor of Business (Property) from RMIT University and a Graduate Diploma of Applied Finance and Investment from the Securities Institute of Australia.

Bernadette Spiteri - Head of Investment Services

Bernadette joined Placer Property in January 2015, with more than 25 years' experience in financial services. Bernadette has previously held senior executive management roles with national responsibility for distribution, marketing, product development and investor relations. Bernadette is responsible for investor and adviser relations, communications, marketing, and capital raising. Bernadette is also a Director of KordaMentha.

Prior to joining Placer Property, Bernadette worked with Bankers Trust Australia, MCS Property, Centro Properties Group, Portfolio Partners Limited, and Orchard Funds Limited.
Bernadette is a Senior Associate of the Financial Services Institute of Australasia (FINSIA).

Mary Barnett – Chief Financial Officer

Mary was appointed Chief Financial Officer in December 2017. Mary is a Director with KordaMentha and has worked with the firm for 9 years. Prior to this Mary worked for the United Group as the Financial Controller of their Real Estate Services division. In a career spanning Australia and Singapore, Mary has amassed 20 years’ experience in managing bid pricing, consolidations, forecasts, budgets, tax and reporting obligations. Mary holds a Bachelor of Science Education, Mathematics from the University of Melbourne and Masters in Practicing Accounting, Monash University. Mary is a Chartered Accountant.


Governance and Policies
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Placer Property Limited holds an Australian Financial Services License (No. 442806) authorising it to act as a responsible entity for Registered Managed Investment Schemes it manages. Placer Property Limited provides compliance services to the property funds it manages.

Corporate governance is the system by which companies are directed and managed. It influences how the objectives of the company are set and achieved, how risk is monitored and assessed, and how performance is optimised.

Placer Property, through its Board, Board Committees and management is committed to meeting stakeholders’ expectations of sound corporate governance, while seeking to deliver investors stable and reliable income from commercial property investments.

The Board has created a framework for managing Placer Property and the entities it controls, including putting in place relevant internal controls and a risk management process.
The following policies describe the key elements of Placer Property’s governance regime.
Adherence to these policies and procedures within every operational facet of the business is constantly and independently monitored. In addition these policies are independently reviewed at least annually to ensure they identify and manage any governance risks.

The following policy documents are viewable via Acrobat (PDF):


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James Walsh
James Walsh

 

Janette Kendall
Janette Kendall

 

Tom Davis
Tom Davis

 

David Omond
David Omond

 

Mario Papaleo
Mario Papaleo

 

Bernadette Spiteri
Bernadette Spiteri

 

Mary Barnett
Mary Barnett

 
     
     
  Specialist Property Fund Manager – Identifying Value & Building Wealth
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