Former Mirvac boss Nick Collishaw to establish listed property funds business at Centuria

Nick Collishaw, the former boss of Mirvac until his sudden dismissal in August last year, has been appointed to head up a new listed property funds business at Centuria Property Funds.

Centuria Property Funds is the property funds management subsidiary of ASX-listed Centuria Capital.

Collishaw, as CEO of Centuria Listed Property Funds, will work alongside existing senior property executive Jason Huljich, CEO of Direct Property Funds, who continues to manage the division’s $1 billion direct property funds management business.

He will begin his new role on May 1.

Collishaw was CEO of Mirvac from August 2008, replacing Mirvac co-founder Greg Paramour, now the CEO of property fund manager and developer Folkestone.

His last day at Mirvac was on October 31 with Susan Lloyd-Hurwitz replacing him as Mirvac CEO.

Collishaw will assume responsibility for Centuria’s listed property fund strategy with details of the Groups’ specific intentions in the listed property fund space to be made in the near future.

Centuria Property Funds currently manage 50 properties across 29 unlisted funds with a combined value of over $1.1 billion.

“The board and senior management warmly welcome Nicholas to the Group. On a personal level, we know Nicholas well and we have enormous respect for his experience and his property and capital markets expertise and integrity. It will be a great pleasure working alongside him,” said John McBain, Centuria Capital’s CEO.

Huljich will continue to grow the division’s direct property business.

“Centuria is now able to finalise implementation of its three level property strategy encompassing retail funds, wholesale funds and listed funds which will allow the Group to utilize its fully integrated business platform, offering investors access to a variety of investment options matched to their mandate and risk profile,” says McBain.