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.
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 opportunities are underway and are expected to deliver strong capital gains for IIP over the next two to five years.
Peter Coman - Head of 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.
Development Director for Infratil Infrastructure Property. Andrew is responsible for development management activity for Infratil Infrastructure Property 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.