Property

The Morrison & Co Property Group provides specialist expertise to maximise returns from infrastructure-related property assets.

Transport, airport and energy assets all present adjacent property opportunities. The Morrison & Co Property Group's key aims are to maximise return from Infratil's property portfolio and develop further infrastructure-related property investment opportunities. The group also plays a key role in the Morrison & Co's Public Infrastructure Partnership team, providing hands-on development management and asset management expertise.

Results

Since 2008, the group has managed Infratil Infrastructure Property (IIP), a collection of properties mainly from Infratil's NZ Bus subsidiary worth an estimated NZ$50 million.

The Morrison & Co Property Group's active management of the IIP portfolio has already delivered significant value to Infratil. Recent property initiatives include the sale and lease back of operational NZ Bus depots, generating a 22% gain on book value. A number of redevelopment opportunitites are underway and are expected to deliver strong capital gains for IIP over the next two to five years.

Team

Peter Coman

Peter Coman - Executive Property and Social Infrastructure

Peter is accountable for the development and performance of infrastructure property and social infrastructure opportunities within Morrison & Co/Infratil. Prior to joining Morrison & Co in 2008, he was Managing Director of Jones Lang LaSalle, New Zealand. Previous to this he worked in the UK for Prudential Real Estate Investors as a Director of their European private equity real estate fund, and for Lend Lease Property Capital as an Associate in their real estate private equity business. Peter is a director of Wellington Airport and Chairman of iSite Media.

 

Andrew Lamb

Andrew Lamb

General Manager Development for Infratil Infrastructure Property. Andrew is responsible for development management activity for Infratil Infrastructure Propery and provides construction management services for other Morrison & Co mandates.  Andrew is involved in all aspects of master planning, consenting and development of key greenfield and brownfield development projects. Prior to joining Morrison & Co, Andrew was Development Manager for Goodman International. His experience includes land development, commercial office, industrial parks and mixed use developments.

 

Lib Petagna

Lib Petagna - Executive Director and Chief Investment Officer

Lib Petagna is an Executive Director and CIO of Morrison & Co. Lib has extensive transactional experience across multiple sectors and has led a number of acquisitions and divestments in the airport, energy and transport sectors in Australasia and Europe. He has led Morrison & Co's entry into wholesale funds management and the agriculture sector. He is a director of NZ Bus and Infratil Property.