About $5.7 billion is invested through a series of funds in China, Mexico and Australia. Real estate makes just 4 per cent of the broader MIRA business.
Matthew banks macquarie linkedin update#
The investment giant is due to give an operational briefing on Thursday where investors are expecting an update on unlisted funds. Macquarie declined to shed further light on its real strategy on Tuesday. "Initially as we re-engage there is a predominance for clubs with a small number of investors to build the brand again as opposed to doing a large fund, but we are open to the appropriate model in the appropriate market." We are focused on matching investors' appetite and requirements with what we see.įormer Federation chief Steven Sewell will be Macquarie's man in London for property. "With the MIRA business we have got a wide array of investors, well over 500, so using that network we know what investors are looking for. "We are very committed about reengaging, we have employed a lot of people, at various levels, across the markets we want to operate in," Mr Banks said in the interview. Mr Banks has flagged Macquarie's ambition to expand in an interview with industry news service PERENews. Senior players are now in place for Macquarie in Europe, Hong Kong, the US and India, as well as Mr Sewell in London. Mr Sewell, who had headed Federation Centres until his abrupt departure late last year, has previously run a Macquarie retail fund.īut Macquarie has been quietly building a powerhouse team around Mr Banks in recent months, hiring property executives in different markets.
The latest sign of recruitment drive came early this year when it emerged that veteran fund manager Steven Sewell had been appointed executive director for real estate with the Australian-listed investment manager to be based in London. Matthew Banks, the global head for real estate of Macquarie Infrastructure and Real Assets (MIRA), the investment bank's property and infrastructure investment arm, has recruited a number of industry heavyweights to help him rebuild the business.įormer Federation chief Steven Sewell will be Macquarie's man in London for property Spearheading the return to real estate is a proposal to establish a $500 million fund to invest in residential property in India. Macquarie is making its biggest move back into property investment after scaling back its exposure to real estate in the wake of the global financial crisis five year ago.
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