CEO appointment and business update
Wednesday 1st November 2017
The Board of Directors of LOGOS Group appoints CEO to support the expansion of the group across the Pan Asian region. LOGOS now has US$2.8 billion (A$3.8 billion) of equity commitments to its managed ventures which is targeted to deliver US$6.7 billion (A$9.0 billion) of Assets Under Management.
The Board of Directors of LOGOS is pleased to announce that it has strengthened its senior leadership team with the appointment of Tom Lee to the newly created role of Chief Executive Officer (CEO).
The CEO will join the founders and managing directors John Marsh and Trent Iliffe in delivering on the LOGOS strategy of partnering with leading institutional investors and tenant customers to deliver quality logistics real estate solutions across the Pan Asian region.
Mr Lee will help lead and coordinate the LOGOS operations across its five regions – Australia, China, Singapore, Indonesia and India. This will enable Mr Marsh and Mr Iliffe to focus on delivering strategic real estate and partnership outcomes in each of the regions.
The decision to strengthen the leadership team follows the continued growth of the LOGOS business. During an active 2017, the business has expanded its operations to Indonesia and India and raised over US$1.7 billion (A$2.3 billion) of new equity commitments. LOGOS now has US$2.8 billion (A$3.8 billion) of equity commitments to 12 ventures across its five regions with a targeted end-value of Assets Under Management of US$6.7 billion (A$9.0 billion).
Mr Iliffe welcomed Mr Lee to the business saying: “We look forward to welcoming Tom to LOGOS and to the management team. Tom’s extensive management and property experience makes him a great fit for our business, where he will play a key role in ensuring we are well positioned to capitalise on these opportunities and cement our place as a leading logistics specialist in the Pan Asian region.”
Mr Marsh commented on the introduction of a CEO by saying: “We’ve had a very active year and are excited by the opportunities ahead. Our move into India and Indonesia were key steps in progressing our Pan Asian growth strategy. We are keen to continue to explore opportunities not only in our existing markets but more broadly across Asia as we support the growth strategies of our customers.”
Commenting on his appointment, Mr Lee said: “I’m delighted to join LOGOS at such an exciting stage of the company’s development. I look forward to working with the Board, management and our team as we deliver on our growth strategy and build our reputation as the leading logistics real estate manager, developer and partner of choice across the Pan Asian region.”
Mr Lee brings more than 20 years’ international real estate funds management experience, having held senior management positions at BlackRock, MGPA and Lendlease. He most recently held the role of Head of Real Estate EMEA at BlackRock where he was responsible for the region’s investment management, asset management and development capabilities.
Mr Lee will be based in the Sydney office.
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