Developer and funds manager Avenor has kickstarted its expansion plans by adding two industry heavyweights to its frontline as it continues to ramp up its development and investment workbook.

With a successful property funds, development and asset management career spanning 25 years, Matthew Faddy joins the Avenor team as CEO. The appointment follows a 16 year stint at The GPT Group, most recently as the Head of Office and Logistics. During this time, Matthew was responsible for the growth of the combined portfolio to over $18.5 billion and led a team of 130. Prior to GPT, Matthew spent over a decade at Lendlease in senior positions focusing on the retail business.

Matthew says he’s looking forward to unlocking new opportunities for the accelerating company.

“Since the company’s launch in 2015, Avenor has been extremely successful in identifying and bringing to reality several landmark commercial and residential developments in Sydney, most notably Atlassian’s headquarters and the Tech Central precinct itself.”

“I have joined the business during an incredibly exciting growth phase and am looking forward to bringing my extensive funds and property experience to Avenor.

“My main mandate is to lead the team to successfully match top tier real estate opportunities with quality investment clients,” said Faddy.

Adding to the dynamic line up is Head of Marketing & Communications, Chelsey Blount, who will spearhead the company’s growth strategy through a redefined brand and communications endeavour. Chelsey’s influence in the property industry is reflected in her decade long experience working in senior leadership positions with both prominent Queensland developer Consolidated Properties Group and Ray White Real Estate.

Avenor Executive Director James Paver says both appointments are a major coup for the company.

“As our company shifts focus to include investment management, Matthew’s track record in this area aligns perfectly with our expertise in sourcing lucrative real estate investment opportunities.

“Following the recent sale of our East Walker Street project to Cbus and Galileo, and of the Atlassian project to Dexus, we’re well positioned to co-invest with select capital partners.

“Matthew and Chelsey will be integral members of our team as we move into our next phase of growth.

“Now is the right time to ensure our most important asset – our team – is the best it can be, with the capacity and capability to drive future growth.

“Both Matthew and Chelsey are leaders in their fields, so I’m confident they will navigate future challenges and opportunities for Avenor’s success,” said Paver.