- Ex GPT Group Boss, Matthew Faddy, will become CEO
- Ex Consolidated Properties Group Marketing Chief, Chelsey Blount, will become the company's first head of Marketing and Communications
- Both have over 35 years of experience in the sector
Funds manager and developer Avenor has kickstarted its expansion plans with the addition of two industry heavyweights to its frontline team.
Matthew Faddy, who has a 25-year career spanning property funds, development and asset management companies, will join the team as CEO. Sixteen of those years have been spent at GPT Group, with the most recent role being the Head of Office and Logistics.
During this time, Mr Faddy led a team of 130 and helped drive the growth of the portfolio to over $18.5 billion.
Before this stint, he spent over a decade at Lendlease, in roles focusing on the retail division.
Mr Faddy said he is looking forward to unlocking opportunities for Avenor.
“Since the company’s launch in 2015, Avenor has been extremely successful in identifying and bringing to reality several landmark commercial and residential developments in Sydney, most notably Atlassian’s headquarters and the Tech Central precinct itself,” he said.
“I have joined the business during an incredibly exciting growth phase and am looking forward to bringing my extensive funds and property experience to Avenor.
“My main mandate is to lead the team to successfully match top tier real estate opportunities with quality investment clients.”
Matthew Faddy, CEO
Chelsey Blount, the new Head of Marketing and Communications, will spearhead the growth strategy of the company through a new branding and communication endeavour.
Ms Blount has had over a decade’s experience in the property industry, in senior leadership roles with Queensland developer Consolidated Properties Group and Ray White Real Estate.
James Paver, Avenor Executive Director, said both appointments represent a major coup for the company.
“As our company shifts focus to include investment management, Matthew’s track record in this area aligns perfectly with our expertise in sourcing lucrative real estate investment opportunities,” he said.
“Following the recent sale of our East Walker Street project to Cbus and Galileo, and of the Atlassian project to Dexus, we’re well positioned to co-invest with select capital partners.
“Matthew and Chelsey will be integral members of our team as we move into our next phase of growth. Now is the right time to ensure our most important asset – our team – is the best it can be, with the capacity and capability to drive future growth.
James Paver, Avenor Executive Director
“Both Matthew and Chelsey are leaders in their fields, so I’m confident they will navigate future challenges and opportunities for Avenor’s success.”