Management

Macquarie Office Trust is managed by Macquarie Office Management Limited (we, our, us) - part of the Macquarie Group's Real Estate division.

Trust management

Macquarie Office Management Limited is responsible for the overall activities and strategy of the Trust, as well as coordinating operations and managing investments. Because underlying property performance drives earnings, trust management works closely with asset management teams to ensure property business plans deliver income expectations. In addition, we manage relationships with the Trust’s global real estate partners – critical for identifying investment opportunities that may deliver strong returns.

Trust management is also responsible for:

• capital management;
• managing financial risks; 
• investor relations and compliance; and 
• accounting, treasury, tax management and reporting.

Back to top

Portfolio and asset management

Asset managers work closely with customers with a view to developing strong relationships across the portfolio, helping us to retain customers and boost occupancies for the Trust. 

Asset management services are provided by Macquarie Asset Services Limited (MASL) in Australia and affiliates overseas.  We have dedicated teams in Sydney, Melbourne, Brisbane, Chicago, London and Tokyo. These teams work with Trust management to develop and execute business plans for each property, including strategies for leasing, capital expenditure, holding or selling assets, refurbishment, rental growth, maintenance and management contracts.

Other services MASL provides include:

• engineering expertise to oversee tenancy fitouts, capital expenditure, refurbishment and development activity;
• due diligence services; and 
• environmental sustainability and regulatory compliance of properties.

Where the Trust owns US assets jointly, the team works together with our joint venture partners in the interests of the Trust.

Back to top

Working with partners

Since the Trust’s original US joint venture with Brandywine Realty Trust in December 2003, we have developed partnerships enabling Macquarie Office to co-own properties with a number of leading US office operators. 

These established operators are experts in their regions and assist in delivering excellence in asset management and leasing services while exposing the Trust to wider real estate investment opportunities.

Macquarie Office has recently made its first acquisitions in Europe, in Berlin and Frankfurt, Germany and in Milan, Italy. Macquarie's 49% owned MGPA, has been instrumental in facilitating these transactions.

Recently the Trust has acquired real estate interests in Tokyo, Japan. These interests are managed with the resources of Macquarie Real Estate Japan.

Further information on the Trust's partners can be found in the table below and website links to the side of this page.

Back to top

About Macquarie Group

Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services.

Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world.

Macquarie’s approach to risk management is long-standing. Strong risk management practices are embedded in business unit management with central oversight of credit, market, funding, compliance and operational risk. These, together with committed, quality staff are key drivers of Macquarie’s success.

Back to top

About Macquarie Real Estate

Macquarie Real Estate is a diverse, international business with a unique blend of real estate and financial expertise, across a number of locations and products.

Macquarie Real Estate offers a range of services including real estate fund and asset management, investment and development finance, unlisted equity raising, real estate development and development management, real estate investment banking and advisory, real estate securitisation and research, with businesses located in Australia, South Africa, Asia, North America and Europe.

As at 30 September 2008, more than A$36 billion of real estate assets are managed globally by Macquarie Real Estate and its associates, across a portfolio of listed and unlisted real estate trusts, unlisted development funds and real estate investment syndicates.

Back to top

Board of directors

The Board of directors is made up of:

• Simon Jones - Chairman
• George Bennett - Independent Director
• James Broadbent - Independent Director
• Roger Davis - Independent Director
• Mark Baillie - Director
• Kylie Rampa - Alternate Director for Mark Baillie
• Adrian Taylor- Alternate Director for Simon Jones

Brief biographies of the Directors are available on our website or in the annual report.