Former Colonial First State Asset Management fund manager, Charles Moore, steps into the position as SOPA heads for “biggest revitalisation of Sydney Olympic Park in its history”.
The Sydney Olympic Park Masterplan 2030 could see up to 10,000 units and more than 100,000sq m of retail space developed alongside a rejuvenated commercial core.
Listed giants GPT Group, Dexus Property and Growth-point Properties Australia are readying plans to capitalise on plans unveiled by the NSW government last month for towers of up to 45 storeys in the precinct.
Mr Moore was most recently principal and managing director at the private Cortex Consulting and was advising the NSW government on property strategies.
Before that he headed the listed Commonwealth Property Office Fund, which controlled a $4bn portfolio before it was taken over by Dexus Property Group and the CPP Investment Board.
NSW Minister for Sport, Stuart Ayres, said Mr Moore had an extensive knowledge of the property sector, a deep understanding of development of community precincts, and a proven track record of strong leadership.
“With the recent release of SOPA’s 2030 Master Plan outlining the biggest revitalisation of Sydney Olympic Park in its history, I have great confidence in Charles’s leadership to deliver the vision for the Park,” he said.
The SOPA board, chaired by former NSW premier John Fahey, will support the overhaul, which is set to house 23,500 residents, businesses, new transport links, parklands and retail.
The Olympic Park precinct contains assets of about $1.8 billion, with assets under lease including residential, retail and commercial office developments, ANZ Stadium, Allphones Arena and Sydney Showgrounds