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The global commercial real estate services firm has promoted a senior business leader to an expanded management role, as it looks to bring its NSW business into the next phase of growth.
JLL announced that Andrew Ballantyne, who leads the firm’s research division for Australasia, will step into the role of managing director of NSW.
Mr Ballantyne will assume the NSW leadership post from Dan Kernaghan, who was named as the Australian chief executive officer in April.
In addition to his new role as managing director of NSW, Mr Ballantyne will retain his responsibilities in leading JLL’s team of 27 researchers across the Australasian region.
JLL Australia chief executive Dan Kernaghan said that Mr Ballantyne had the right qualifications to take reign of the NSW business due to his extensive knowledge and experience in the commercial, residential and alternative real estate sectors.
“His in-depth understanding of the NSW economy, client-centric mindset and strong track record of leading high-performing teams, combined with his commercial acumen and MBA qualifications, make him the ideal candidate to lead the NSW business into the next phase of growth,” Mr Kernaghan stated.
The firm’s statement announcing Mr Ballantyne’s elevation highlighted his 15-year run as a “respected property market leader and commentator, consultant and industry economist”, which was kicked off when he was onboarded as JLL’s Victorian research manager in 2007.
Subsequently, Mr Ballantyne was named the Australian head of strategic research before he was promoted to his current role as head of research in Australasia in 2017.
The appointment comes as a critical juncture for the global real estate firm, which has recently made moves to bolster its NSW business, with Mr Kernaghan highlighting that their operation in the state was a “key component of the wider JLL Australia growth strategy nationally”.
“JLL has expanded its operations in Western Sydney in response to increasing demand for property advisory services and we currently have a team of more than 1,400 people across New South Wales delivering specialist real estate services,” the JLL Australian CEO revealed.
Speaking on his appointment, Mr Ballantyne said he is looking forward to driving growth in the NSW business while seeking to further develop the firm’s capabilities in other areas, including real estate alternatives, sustainability, strategic consulting and technology.
He also acknowledged how NSW and its infrastructure development would play a vital role in JLL’s growth strategy.
“NSW has a strong infrastructure pipeline, and the completion of these projects will play a major role in shaping our state, increasing NSW economic development and prosperity.
“We believe that infrastructure changes real estate markets and these major projects will create new opportunities for developers, investors, financiers and occupiers,” Mr Ballantyne stated.
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