AMP Capital positions real estate business for growth

AMP Capital has made a number of changes to its retail real estate business leadership, particularly its shopping centres, which generate more than $7.9 billion in annual sales.

As part of the changes, managing director Bryan Hynes has announced he will step down from his role.

Effective 1 January 2017, Mark Kirkland, currently AMP Capital’s head of shopping centre development, has been appointed director of the company’s shopping centres.

AMP Capital global head of real estate Carmel Hourigan commented: “With 27 years of major project experience in the property sector, 24 years of which have been focused on retail, Mark brings an impressive skill set to take our shopping centres business to the next phase of growth.”

“I would like to acknowledge Bryan’s significant contribution to our business, most recently leading the team in the delivery of award-winning developments at Pacific Fair and Macquarie Shopping Centres,” she added.

Ms Hourigan explained that AMP Capital now intends to turn its attention to developments in Western Australia and refocus the business under new leadership.

Further, Greg Antoniadis will replace Mark Kirkland as head of shopping centre development, to help AMP Capital’s “strategic focus” on increasing mixed-use across its real estate business.

Con Brakatselos, currently AMP Capital shopping centres head of investment management and strategy, will take on a refocused role, and will work closely with Mr Kirkland on strategy, acquisitions, digital and the future focus of the retail business.

These three new leadership appointments are all effective from 1 January 2017.

[Related: AMP changes leadership team]

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