MELBOURNE, AUSTRALIA, 4 December 2018 – MaxCap Group, leading manager of commercial real estate (CRE) debt, today announced the appointment of Michael Nitschke to the position of Investment Director – Queensland. He has more than 18 years’ Australian real estate finance experience, including senior roles at Bank of Queensland as National Manager of Property Finance and at Deutsche Bank as Co-Head of Real Estate Debt.
Michael will be based in Brisbane and report to Eddie Law, MaxCap’s Regional Investment Director NSW, ACT & QLD. He starts in his new role in January 2019. His remit includes the development and growth of MaxCap’s existing market penetration in Queensland, and senior relationship management with borrowers and corporate, private and institutional investor clients.
“Michael has extensive industry experience and a successful track record in the Queensland market. His deep market knowledge and broad network, will be key to our Queensland expansion” said Eddie Law.
“With continued positive net interstate migration, Queensland and Brisbane in particular is on the path to sustainable growth and we are confident that MaxCap can facilitate the provision of capital into the CRE market to assist with this growth” he added.
MaxCap itself is on a significant growth trajectory. Since January the team has grown by more than 60 percent with further recruitment activity underway. The team will grow to 60 professionals spread across five offices by June 2019. Examples of some recent hires include Ben Klein who has joined as Private Capital Director, based in Melbourne and Joe O’Dwyer who has joined as Senior Executive – Investment, based in Sydney.
“We are delighted to be able to attract the top talent in the market across a range of disciplines. MaxCap is increasingly being recognised as best in class for our institutional grade investment platform, a core component of our competitive advantage. We continue to leverage this to create lasting value for our clients” said Wayne Lasky, Managing Director.