Bob Johnston to head Frasers Property and Australand combination
Jonathan ChancellorDecember 7, 2020
Bob Johnston will head the Frasers Property Australia and Australand Property Group combination.
Having guided Australand since headhunted from Lend Lease in 2007, Johnston will head the diversified property groups with over 500 staff across the country.
The chief executive of Frasers Property Australia, Guy Pahor will step down as chief executive though he will remain with the new group as an adviser, the Australian Financial Review reports.
Australand was taken over for $2.6 billion by the Singapore-based Frasers Centrepoint earlier this year.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.