Singapore / Hong Kong / Australia, 5 April 2024 – M&G Real Estate (M&G), part of M&G’s £73.4 billion1 private markets business, has promoted Alexander Banzic (Alex) to Head of Australia, as the firm seeks to further grow its presence in the Australian real estate market.
With some 20 years of industry experience and based in Sydney, Alex brings a wealth of expertise to his new role. He will be instrumental in seeking opportunities within Australia’s real estate market. This market presents a compelling investment proposition due to its strong population growth and an increase in the number of international students. These factors have led to a surge in demand for housing and a ripple effect across other related sectors in the real estate market.
Previously serving as Director, Asset Management for M&G Real Estate in Australia, he has played a pivotal role in enhancing the performance of our investments in Australia. Alex’s experience includes senior roles at DWS Group’s real estate team in Australia, KordaMentha and EG Funds, including a secondment to Westpac Bank. Alex reports to Jing Dong (JD) Lai, CEO and CIO, M&G Real Estate Asia.
M&G has invested over A$450 million in three Build-to-Rent projects in Sydney and Melbourne that are currently underway. These projects, alongside the collaboration with Mirvac on Brisbane’s pioneering Heritage Lanes project – an award winning, state-of-the-art office tower and precinct that has integrated cutting-edge technology and sustainability – demonstrate the firm’s commitment to the Australian market. This commitment is underscored by a strategic focus on properties that are not just economically viable, but also environmentally responsible and socially beneficial.
Jing Dong (JD) Lai commented: “We are delighted to promote Alex to lead our real estate team in Australia, demonstrating the strength and depth of our internal talent. His extensive industry experience, combined with his proven leadership, will be invaluable as we further our growth in this key market. M&G’s robust performance in Australia has solidified our status as a top institutional investor and we look forward to continuing to play a role that benefits the local economy and society.’’
Alex added, “I am honoured to lead M&G Real Estate’s team in Australia. Leveraging our robust platform and dedication to excellence, we aim to significantly enhance our market position, striving towards becoming the premier institutional real estate investor in Australia.”
Alex holds a Bachelor of Commerce in Accounting from The University of Notre Dame in Australia.
1 As at 31 December 2023