Australian Unity Investments (AUI) has appointed Cathy Ciurlino as healthcare property portfolio manager within its unlisted property funds management business.
Ms Ciurlino will be responsible for managing the properties held by AUI’s flagship property fund, the Australian Unity Healthcare Property Trust (HPT), as well as progressing suitable opportunities for the fund such as continuing a number of brownfield developments.
Ms Ciurlino joins AUI from Stockland where she was fund manager – unlisted property funds, with responsibility for developing investment strategy and managing acquisitions and sales for three property funds.
She has also worked at Pact Group (formerly part of Visy) as corporate real estate manager; MacarthurCook in funds management; and m3property as senior commercial valuer.
Ms Ciurlino is a certified practicing valuer and holds a bachelor of business (property valuations) from RMIT. She is a member of the Property Council of Australia and an associate member of the Australian Property Institute.
Chris Smith, head of healthcare and retirement living property at AUI, said Ms Ciurlino’s diversity of background, including experience as a valuer, will further strengthen the property funds management team.
“Cathy brings a breadth of experience to the position, having worked in the funds management and property management sides of the industry, and as a tenant and manager while at Pact Group.
“In the role, she will also have the opportunity to use her background as a valuer, which will be very advantageous to our business activities,” Mr Smith said.
HPT has over $480 million in gross assets (as at 31 July 2013) and owns 24 healthcare-related properties in New South Wales, Victoria, Queensland and South Australia.
Australian Unity Investments is the funds management arm of Australian Unity – a national healthcare, financial services and retirement living organisation.
The property funds management business has over $1.5 billion in funds under management (as at 31 July 2013). Australian Unity Investments’ unlisted property funds and syndicates own more than 50 properties in the healthcare, retail, industrial and office sectors, in Victoria, New South Wales, Queensland, ACT, Western Australia and South Australia.
For more information please contact:
Chris Smith – Phone: 03 8682 4534
9 September 2013