Jonathan Chancellor | 13 November 2012

Mirvac appoint Jonathan Hannam as its in-house capital raiser

Mirvac Group has appointed Jonathan Hannam to its new executive position of group executive, capital.

The creation of the capital role recognised the importance of accessing third-party capital for Mirvac’s growth strategy, Mirvac’s recently appointed chief Susan Lloyd-Hurwitz says.

Allowing Mirvac to retain its relationships and expertise in house, the new position will focus on cultivating wholesale equity relationships to ensure that Mirvac has a broad network from which to source capital.

During two decades in the sector Hannam has raised and invested over A$6 billion with executive positions including most recently the Stockholm-based Andersson Real Estate Investment Management, a Swedish real estate advisory and asset management firm, and the Abu Dhabi Investment Authority where he was the head of Asia real estate. He'd also worked for the Swedish Catella real estate investment management group, and Hannam was also a managing director at ING Real Estate in Asia.

"Having had responsibility for both raising and investing capital all over the world, Jonathan has a clear understanding of how investors think and the key drivers behind their investment decisions," Lloyd-Hurwitz commented.

"Working alongside Bevan Towning, the CEO of platform, Jonathan’s strong relationships with key international investors will help build a focused network for Mirvac," she said.

Last month it was speculated that Mirvac Group was focusing on expanding its funds management business, with Lloyd-Hurwitz tipped to set up new ties with global players.

A $1.3 billion office fund has been touted along with selling some residential lots into funds.

The National Australia Bank analysts said the group’s shift further into this area formalised its moves to find capital partners.

Mirvac is expected to seek further mandates and set up more joint ventures and club deals.