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Growthpoint Properties Australia appoints Ross Lees as CEO and Managing Director

ASX News, Real Estate
ASX:GOZ      MCAP $1.786B
06 March 2024 14:06 (AEST)

Source: Growthpoint Properties Australia

Growthpoint Properties Australia (ASX:GOZ) has officially appointed Ross Lees as the CEO and Managing Director, taking over from the outgoing Managing Director, Timothy Collyer.

Mr. Lees is set to commence his role with Growthpoint in Q3, starting on the first day of July later this year.

“It is an honour to be appointed CEO and Managing Director of GOZ… GOZ has an excellent portfolio of office and industrial assets with high-quality tenants, an impressive history, and a funds management platform with prospects for future growth,” Ross Lees said.

“I look forward to working with the Board, Executive Management Team, and employees to drive value for GOZ’s security holders.”

With a background spanning more than two decades in real estate investment management, Ross Lees will bring expertise to commercial property markets, funds management, asset management, mergers and acquisitions, as well as equity capital markets.

Currently serving as the Head of Funds Management at Centuria Capital Group, he played a pivotal role in elevating its funds management platform from $4 billion to $21 billion under management.

“On behalf of the Board, I would like to thank Tim again for his leadership of GOZ since 2009,” Growpoint Properties Australia Chair Andrew Fay said.

“Tim has made an outstanding contribution to GOZ, successfully leading it through a period of significant growth… He leaves a positive legacy for Ross to build upon, and we wish him all the best for the future.”

GOZ last traded at $2.26, at 11:20am AEDT.

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