Quintessential Equity strengthens leadership team
Media Release | November 2020
Private equity property business Quintessential Equity has appointed Andrew Nicol as general manager of transactions (existing assets).
In the role, Andrew will oversee all aspects of the business’s existing asset transactions Australia-wide, across office and industrial properties.
The appointment comes as the business looks to secure up to $300 million in office and industrial assets to regenerate, following a $145 million capital raise in late 2019 as part of its Master Fund No.2. Quintessential Equity currently has almost $500 million of existing assets under management.
Quintessential Equity has also promoted Noah Warren to head of existing assets. Noah, who has worked with the business since it was established in 2010, was previously general manager of asset management.
Andrew has joined Quintessential Equity with 18 years of experience in Australia and Europe, bringing with him a deep knowledge of property investments and strong track record, delivering strong risk weighted investment returns.
With his extensive experience in property investments, funds management and valuation, Andrew previously worked at ARA Asset Management, where he was senior investment manager. He most notably led one of the largest commercial property deals of 2016, which saw ARA Asset Management purchase the landmark Southgate complex in Melbourne from Dexus Property Group for $578 million.
Previous to that, Andrew worked with Arena Investment Management (Morgan Stanley) and Knight Frank in Australia and London. Over his career, he has been directly involved in over $4 billion of property investment transactions in Australia and abroad.
On joining Quintessential Equity, Andrew says that he looks forward to securing quality assets that deliver long-term value for the group’s investors and tenants.
“I’m excited to be a part of a team that has a great vision and an ability to unlock long-term, steady value on behalf of both their investors and tenants. They have a great culture and it felt like a really good fit,” says Andrew.
“A large part of my role will be to source and acquire properties that align with the group’s strict purchasing criteria, targeting value add and core plus office and industrial assets across Australia. It will allow me to focus on what I’m passionate about, which is transactions.”
Quintessential Equity chief executive officer, Russell Bullen, said he was very pleased to welcome Nicol to the team as the group looks for opportunities to grow its asset portfolio.
“We are delighted to welcome Andrew to the team. As we look to find excellent opportunities to add to our existing asset portfolio, his appointment reinforces our commitment to securing the best buying opportunities on the market,” says Russell.
“His combination of technical expertise, commercial acumen and deep understanding of the market is extremely valuable. Andrew has an excellent track record in managing risk and will ensure we continue to deliver strong and stable returns for our investors.
“I’d also like to extend my congratulations to Noah – under his leadership we have been able to achieve a tenant retention rate of 92.4%. Noah has played a critical role in ensuring that we always offer an exceptional experience for our tenants.”
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About Quintessential Equity
Quintessential Equity (QE) is a private equity business specialising in property regeneration and development. Dynamic and capable, Quintessential Equity delivers risk mitigated returns and exceptional outcomes for investors, tenants and Ecosystem partners.
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