Private equity firm Quintessential Equity has named a new general manager of transactions to lead the group’s acquisition portfolio and a new head of existing assets.
Andrew Nicol has taken the role of general manager of transactions (existing assets), where he will oversee all aspects of the business’ existing asset transactions Australia-wide, across office and industrial properties.
The appointment comes as the business looks to secure up to $300 million in office and industrial assets to regenerate, following a $145 million capital raise in late 2019.
Quintessential Equity has also promoted Noah Warren to head of existing assets, from his previous role of general manager of asset management.
Mr Warren joined the firm when it established in 2010 and has previously worked at ARA Asset Management, where he was senior investment manager. He has also worked with Morgan Stanley-owned Arena Investment Management and Knight Frank in Australia and London.
On joining Quintessential Equity, Mr Nichol reported he was excited to be part of the team.
“They have a great culture and it felt like a really good fit,” he said.
“A large part of my role will be to source and acquire properties that align with the group’s strict purchasing criteria, targeting value add and core plus office and industrial assets across Australia. It will allow me to focus on what I’m passionate about which is transactions.”
Quintessential chief executive Russell Bullen said he was pleased to welcome Mr Nicol as the group looks for opportunities to grow its asset portfolio.
“As we look to find excellent opportunities to add to our existing asset portfolio, his appointment reinforces our commitment to securing the best buying opportunities on the market,” Mr Bullen said.
“His combination of technical expertise, commercial acumen and deep understanding of the market is extremely valuable.
“I’d also like to extend my congratulations to Noah – under his leadership we have been able to achieve a tenant retention rate of 92.4 per cent.”
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
QIC has unveiled a new private debt capability, to be led by the former global head of infrastructure debt at AMP Capital. ...