AEW opens Australia office, hires executives
AEW has opened an office Sydney. In addition, the group has appointed senior property executive Jason Maxwell to head its push into Australia. Before joining AEW, he was a senior asset manager with Charter Hall and a portfolio manager at Macquarie Real Estate.
In January, AEW acquired a class B office tower at 55 Clarence St. in Sydney for approximately A$169 million ($122 million). The purchase was made on behalf of AEW’s second Asian real estate fund, AEW Value Investors Asia II. The office investment is the fund’s first asset in Australia.