Clive Appleton
BEc, MBA, AMP (Harvard), GradDip (Mktg), FAICD
Non-Executive Chairman

Mr Appleton has had a successful career in property and funds management with over 30 years’ experience in several of Australia’s leading retail property investment, management and development groups.

Mr Appleton’s early career was spent with the Jennings Group where, from 1986, he held senior executive roles, responsible for managing and developing property assets jointly owned by Jennings Properties Limited (JPL) and Jennings Property and Investment Group. In 1990, following a restructure of JPL to become Centro Properties Limited, Mr Appleton became managing director.

From 1997 to 2004, Mr Appleton was the managing director of the Gandel Group Pty Limited, one of Australia’s leading retail property investment, management and development groups.

In 2005 Mr Appleton joined APN Property Group Limited as managing director.

From December 2011 to June 2015, Mr Appleton was a non-executive director of Federation Centres.

Mr Appleton is currently a non-executive director of the Gandel Group, APN Property Group Limited, Perth Airport Pty Ltd and Perth Airport Development Group Pty Ltd.

Appointed a non-executive director on 30 April 2012, the chairman of the Remuneration Committee on 22 June 2015 and a member of the Nomination Committee on 22 January 2013. Mr Appleton was a member of the Remuneration Committee between 10 May 2012 and 22 June 2015.

Guy Farrands
BEc, Grad Dip Man, FAPI, MAICD
Non-Executive Director

Mr Farrands has over 30 years’ experience in direct and listed property markets both in Australia and internationally and across commercial, retail, industrial, residential and retirement asset classes. He was managing director and CEO of GEO Property Group (now Villa World Limited) between 2007 and 2011. Previously Mr Farrands was CEO of Valad Property Group between 2005 and 2007, departing prior to Valad’s acquisition of Crownstone / Scarborough. Prior to that Mr Farrands was head of corporate development and investor relations for Valad.

Mr Farrands’ former roles included division director of the real estate division of Macquarie Bank’s Investment Banking Group where he managed IPOs, equity raisings and mergers and acquisitions, associate director and joint head of property for Heine Management Limited and Manager in the Investment Sales Department at Jones Lang LaSalle.

Appointed a non-executive director on 26 November 2012, a member of the Remuneration Committee on 22 January 2013, a member of the Nomination Committee on 22 January 2013 and Chairman of the Audit Committee on 22 January 2013.

John Carter
MBA (Syd), BAppSc (Property Resource Mgmt) (UniSA), AAPI, GAICD
Executive Director and Joint Chief Executive Officer

Mr Carter has over 30 years’ experience in real estate and financial markets. In 2004 Mr Carter established Mill Hill Capital to pursue investment opportunities in Real Estate, Agriculture and Equities.

Prior to this Mr Carter was managing director, co-head of Equities and on the Australian Executive Committee for UBS in Australasia from 2001 – 2004.

From 1991 – 2001 Mr Carter was head of property and head of real estate research at UBS. While at UBS, John led over $10 billion of M&A and $20 billion of capital raising transactions for Australia’s leading companies including Colonial, Westfield, Stockland, GPT, Mirvac, AMP, Multiplex, Macquarie Airports and Bankers Trust.

Prior to UBS Mr Carter was involved in commercial real estate at two international real estate consultancy groups.

Appointed a non-executive director on 23 February 2015 and a member of the Remuneration Committee on 22 June 2015.

David Dixon
B.Bus (Distinction) (Fin. & Econ.) (UTS)
Joint Chief Executive Officer

Mr Dixon’s career in real estate and financial markets spans 30 years commencing in the funds management division of Bankers Trust in 1989. After successfully helping build BT’s real estate franchise into Australia’s largest and most active and diversified investors at the time, Mr Dixon transitioned to the industry’s sell-side as Joint Head of REIB at Deutsche Bank including a dual role for three years in its broader Equity Capital Markets division, then moved to Credit Suisse as Joint Head of REIB.

Over the four years to 2014, Mr Dixon led Morgan Stanley’s Australian REIB business and was also closely involved in its real estate investing activities.

Mr Dixon has led over $50 billion of M&A and restructuring transactions and $15 billion of capital raisings for leading companies including Westfield, Lend Lease, DEXUS, Investa, Tishman Speyer Office Fund, Bankers Trust, Fosters, ANZ Bank, ResMed and Aristocrat. He has also advised various Australian government authorities including around the proposed Australian Business Investment Partnership during the GFC and Landcom NSW.