ING Real Estate Investment Management ("REIM") is pleased to announce the appointment of Denis Hickey as CEO of its Australian business. Denis has succeeded Hugh Thomson who is leaving to pursue other opportunities having been with ING Real Estate for 12 years. Denis Hickey will have responsibility for REIM's $10 billion Australian funds management and development business.
Denis has substantial experience across both the Australian real estate and the international institutional markets. Previously he was a member of the Management Board of Stockland Corporation, Australia's largest diversified property group and its second largest REIT with executive responsibility for its Development Division. Before which Denis was Managing Director at AV Jennings Homes Ltd, a publicly-listed Australian company.
Commenting on the appointment, Christophe Tanghe, Head of Strategy and recently given responsibility for REIM Australia and Canada said: "I am pleased to welcome Denis to the organisation, bringing with him a wealth of real estate, investor relations and management expertise. Denis' appointment follows Hugh's decision to step down as CEO. Under Hugh's tenure the business grew significantly but, more recently, Hugh's challenge has been to secure the future of ING's funds in the face of historically tough market conditions. This he has achieved, amongst others, as evidenced by the refinancing of the debt in a number of funds, most recently the ING Industrial Fund."
Denis Hickey added: "These have been challenging times for the real estate markets and this present a great opportunity for me. I have had the privilege of managing and growing Stockland's development business over the past nine years and now have the chance to continue the development of ING REIM's business in Australia."
Furthermore George Jautze, CEO of ING Real Estate Investment Management and Christophe Tanghe will be joining the ING Management Limited Board*.
Both have significant experience in the global real estate sector and their appointments will add further capability to the existing Australian Board.