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TH Real Estate expands Australian commercial real estate debt team with new analyst

Nicholas Lim

TH Real Estate has appointed Nicholas Lim as Analyst, Debt Strategies, located in Sydney, to support the continued growth of the Asia Pacific commercial real estate debt business.

In the newly created role, Nicholas will be responsible for assisting in the analysis of new debt opportunities and the management of TH Real Estate's existing Asia Pacific debt portfolio.

Nicholas brings four years’ experience across M&A and real estate, previously working as a senior analyst at KPMG’s Deal Advisory division. Throughout his career at KPMG, he gained experience across a range of real estate sectors including office, industrial, retail, and residential developments.

Commenting on the appointment, Nick Evans, Head of Australia at TH Real Estate, said, "Nick’s strong analytical skills and broad experience make him a valuable contribution to our growing local commercial real estate debt business."

Nicholas added, "Opportunities for non-bank lenders and debt funds to invest in commercial real estate debt is growing in Australia. I am delighted to work closely alongside TH Real Estate's expert team to deliver the best possible opportunities for our clients in this space."

Nicholas appointment expands the debt team led by Martin Priestley, Head of Debt, Asia Pacific, who was appointed last year to build TH Real Estate's debt investment platform in Australia.

Martin said the firm had a healthy pipeline through the latter part of 2018 and into 2019 with increasing activity from local institutional investors.

"Pullback from the market by the Australian commercial banks has heightened the need for alternative funding sources, creating an opportunity for institutional investors and debt funds to grow within the market. There is now a permanent, attractive and executable investment opportunity for non-bank lenders and debt funds to provide a meaningful share of future commercial real estate debt finance in Australia.  We have seen more than A$2bn of lending opportunities in commercial real estate in the first half of 2018 alone and we expect this interest to continue." said Martin.

 

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. TH Real Estate is a real estate investment management holding company owned by Teachers Insurance and Annuity Association of America (TIAA). TH Real Estate securities products distributed in North America are advised by UK regulated subsidiaries or Nuveen Alternatives Advisors LLC a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, member FINRA. 629883-G-MED-O-10/19

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