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TH Real Estate appoints new Head of Debt for Australia

Martin Priestly

TH Real Estate has appointed Martin Priestley as the Head of Debt, Australia, in a further expansion of the company’s Australian team based in Sydney.

In this newly established investment strategy in Australia, Martin will oversee real estate debt investment and have responsibility for initially building a debt investment platform in Australia. He will be responsible for investing client capital in Australia for both pooled funds and separate accounts, as well as oversee the deployment of TIAA debt allocations into the region.

Martin will be based in Sydney and report to Nick Evans, Executive Director and Head of Australia, and Jack Gay, Global Head of Commercial Real Estate Debt. Martin has more than 25 years' experience across real estate debt and equity, including roles in investment banking, debt origination, funds management, corporate advisory and capital raising. He joins from CBRE where he led the Debt and Structured Finance (DSF) team in the Asia-Pacific region.

Commenting on the appointment, Nick said: "Martin's appointment is a reflection of our ongoing commitment and intention to build a strong business in Australia across real estate debt and equity. I am delighted somebody of Martin's calibre is joining TH Real Estate and his track record and experience in debt and structured finance speaks for itself. I look forward to working closely with him as we build our debt capability in this important market."

Martin commented: "This is an exciting time for TH Real Estate as we are committing to one of the most sophisticated real estate debt markets in the world.  I am looking forward to working with Nick and Jack in setting up the Australia venture and help build a long term and scalable business."

Jack added: "The demand for non-bank debt in Australia is steadily growing. Building a CRE debt team in Australia will complement our existing team in the US and Europe, providing our clients with global debt expertise and track record. Martin's expertise and experience makes him well placed to lead this new initiative."

 

TH Real Estate's US debt platform has over 70 years of experience, investing since 1934. Since 2011, the platform has averaged US$3.3bn in new originations per year. The European platform was established in 2014 and has AUM of US$1.4bn.

Established in Australia since April 2014, TH Real Estate has built a portfolio of Australian real estate assets of around A$1.04bn. The real estate specialist has also advised some of Australia’s largest institutional investors on their international real estate investments, including AustralianSuper and the FutureFund.

TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. TH Real Estate is an investment affiliate of Nuveen, LLC (“Nuveen”), the investment management arm of TIAA. Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. COMP201700612

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