Diversified Australian property and investments business, Jinding, has appointed Dr Andrew Ashwood to lead its growing developments division, overseeing a $2 billion pipeline of masterplanned communities and apartment projects across Victoria and Queensland.
Diversified Australian property and investments business, Jinding, has appointed Dr Andrew Ashwood to lead its growing developments division, overseeing a $2 billion pipeline of masterplanned communities and apartment projects across Victoria and Queensland.
Dr Ashwood joins the developer with 20 years’ experience managing major residential and commercial developments, including delivering more than 1,800 residential lots across the eastern seaboard and project managing $250 million-plus infrastructure contracts.
His senior management roles have included chief executive officer at development business Wel.Co, general manager at listed-development group Villa World (now Avid Property Group) in Victoria and New South Wales, and senior development manager for family-owned property company Amex Corporation.
He has degrees in engineering, law, an MBA and a Doctorate in finance.
Dr Ashwood will assume his role as General Manager of Developments at Jinding from July, leading the development team through site identification, due diligence, project feasibility, advisory, development management, sales and marketing and delivery.
He will oversee Jinding’s active masterplanned communities, including the $370 million The Patch in the Wollert Growth Corridor, the $270 million Harriott at Armstrong Creek and the newly-launched $197 million Broadstead Kilmore in the Mitchell Shire, while progressing a number of new projects in the planning and approval phase.
“Since its establishment in 2016, Jinding has earned a strong reputation for quality in everything it does, and I look forward to joining the team at an exciting time in the company’s expansion,” said Dr Ashwood.
“Its vertically integrated structure including both funds management and a sales agency provides a sustainable, competitive advantage in the market and complements the significant workbook of development projects both underway and in the pipeline.”
Dr Ashwood said alongside delivering the developer's active portfolio, he would be looking to take advantage of market conditions to further stock the development pipeline.
“The next 12 months will continue to provide challenging operating conditions for developers, with supply side constraints and cost pressures subsisting, however, it will also provide opportunities for those with stable balance sheets to make long term investments at attractive prices," he said.
Jinding Chief Executive Officer Jay Song welcomed Andrew to the team and said he looked forward to working alongside him.
“Andrew’s in-depth knowledge of both project management and development make him the perfect leader to steer Jinding through our next phase of growth,” he said.
“Andrew understands our driving desire to leave a positive legacy and will continue our focus on delivering projects that enjoy strong connections to the natural environment, add value to existing communities and are vibrant places to call home.”
Jinding’s development division includes more than 4,300 homes across residential lots, house-and-land packages, townhomes, apartments and mixed-use projects in Melbourne, regional Victoria and Queensland.