The recently appointed fund manager of the $340 million Industria REIT, Alex Abell, will not rush into further acquisitions after a $160 million deal that has transformed the Melbourne-based fund.
Previously an assistant fund manager at Investa Property Group, Mr Abell has focused on restoring the portfolio occupancy and improving the asset mix since beginning his new post in April.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com