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Michael Fenton, formerly of CBRE, has more than 16 years experience in the property industry
SYDNEY, 14 JANUARY 2009 - Global commercial real estate services firm, Jones Lang LaSalle has appointed a highly regarded commercial property figure as its new Managing Director for New South Wales.
Michael Fenton brings a wealth of knowledge to the firm from 16 years of experience in the commercial property industry in Australia. Previously Mr Fenton held the position of Regional Director, Industrial and Logistics Services for CB Richard Ellis.
Australian CEO, Christine Bartlett said that Mr Fenton would play a key role in the Australian Leadership Team, by driving the New South Wales business.
“Michael will have stewardship of the largest commercial property market in Australia. He will take over the responsibility for the business strategy and operations in New South Wales on 19 January to navigate the challenging market conditions this year will present.
“He will replace Bernard Poliquin, who is relocating back to our North American operations after a two-year transfer to Australia. Bernard has been a key member of the Jones Lang LaSalle Australian business and led the NSW team in growing revenues and carefully managed the business through the current economic climate.”
Ms Bartlett said Mr Fenton had built up a wealth of experience across all asset classes, but with a speciality in the industrial sector. He has experience at several property firms, including roles at DB Real Estate (now Dexus) as the National Sales, Acquisitions and Leasing Manager – Industrial, as well as various sales and leasing roles at FPD Savills.
“In his role at CBRE, Michael was responsible for setting the strategic direction for the industrial business line in Australia and New Zealand, establishing new revenue streams such as the Logistics Consultancy division, as well as personally undertaking sales and leasing campaigns on major assets.
“He negotiated the sale of the largest industrial asset in Australia in 2007 for $301 million and was rewarded with the Goodman Best Capital Transaction in 2007. His team also won the Dexus Agency of the Year in 2005, 2006 and 2008, so he comes to us with some top-class credentials,” Ms Bartlett said.
Speaking of his appointment to the firm, Mr Fenton said, “The diversified business model at Jones Lang LaSalle, combined with well established client relationships and a clear business strategy were the compelling reasons for me to join the firm.
“I look forward to joining the talented team at Jones Lang LaSalle and to positioning the New South Wales business for further success. My focus will be on ensuring the business is structured to take advantage of current market opportunities and growth prospects as market conditions inevitably improve,” Mr Fenton said.
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