Paul Assirati
Sydney,NSW
Summary
- 20 year career history with experience across multiple sectors including commercial office. industrial, hotels and retail.
- Significant experience in the Asset Management of operating real estate portfolio's working directly for the asset owner
- Directed redevelopment and refurbishment work exceeding $700m, with new exposure to new build and existing live environments.
- Managed portfolio wide capital plans
- Genuine interest in leadership and mentoring teams.
Overview
19
19
years of professional experience
Work History
General Manager, Property Operations & Development
Star Entertainment Group Pty Ltd
02.2024 - Current
- Currently, I lead a team overseeing all operations relating to the Star’s real estate portfolio, which includes six hotels, three casinos, two residential towers, public spaces, car parks, warehouses, etc.
- Eight direct reports include the Head of Engineering and Asset Management, Project Directors, Project Managers, Commercial Manager, and Design Managers.
- Responsible for a broader team comprising 200 staff members, including Property Operation Managers and Schedulers. And in-house maintenance trades on EBA, with regular union representation.
- Accountable for Business Unit P&L, with a spend of ~$150 million per year ($80 million in R&M, plus $50 million in Capital Projects).
- The team manage 60,000 reactive work requests across the properties per year, coordinated via the software Maximo, in addition to the fully contracted critical plant preventive maintenance schedule we have in place.
- In 2024, my role included full accountability for the operational readiness and go-live strategy of Brisbane's $2B Queen's Wharf Project, which opened to the public in August.
- In 2024, I led and executed a national restructure of the property team as part of a group-wide cost-out process.
National Manager, Capital Projects
Vicinity Centres Pty Ltd
01.2021 - 01.2024
- Led a team overseeing a program of asset repositioning works across a national retail portfolio
- Work with Leasing and Asset Management teams to identify assets requiring strategic repositioning
- Prepare approval papers and present to Investment Committee
- Provide guidance and experience on ESD practices
Australian Manager, Group Development Management, Australia
Mapletree Asset Management Pty Ltd
01.2020 - 01.2021
- Single point of accountability for all Australian Development activities on behalf of Mapletree (predominantly commercial office and industrial sectors)
- Provide mentorship and guidance to a team of junior Development Managers
- Managing feasibility inputs such as the design of concept options and costs during potential acquisitions
- Managing the design consultants, authority approvals and overseeing tender and construction phases
Development Manager
Investa Property Group
01.2018 - 01.2020
- Led internal and external project teams responsible for all aspects of commercial project delivery on behalf of Investa Property Group
- This includes value add development and large-scale refurbishment projects nationally
- Project works range in value from $1m to $200M and vary in scope (predominantly commercial office sector)
- Daily interaction with Asset Managers and Fund Managers to provide a central point of accountability for all design, construction, and AFL related business
- Managed technical due diligence work streams during numerous acquisitions and disposals
Senior Project Manager
Investa Property Group
01.2011 - 01.2018
Capital Project Manager
Investa Property Group
01.2006 - 01.2011
Education
Master Property Development -
UTS
01.2010
Diploma of Urban Estate Management -
UTS
01.2009
Diploma of Management Studies -
Leicester University
01.2005
Skills
- Asset Management
- Asset lifecycle and capex management
- Project Management
- Experience with Employee Relations and EBA's
Projects
Queens Wharf, Brisbane. Operational readiness accountability for one of Brisbane’s largest urban renewal projects which once fully complete will deliver a fully integrated casino and estimated 1000 premium hotel rooms, 1,500 residential apartments, 50 restaurants, bars and cafes, world-class entertainment, luxury retail, public artworks, public and green space areas, and restoration of nine heritage listed buildings.
Logistics Park, Crestmead Brisbane, $500m, 364,000sqm site with Masterplan DA approval to construct 200,000sqm of high spec logistic warehouse GFA. Mapletree’s Lead Development representative. Maintain relationships with Logan Council (Mayor and Head of Planning). Responding to Tenant Briefs (Build to Suit and As Designed solutions).
Retail Redevelopment, Bankstown, $50m, Redevelopment of retail zones. Remix tenant base including new Coles. Manage internal design and delivery teams.
Office Redevelopment 388 George Street, Sydney, $200m, Redevelopment that includes refurbishment of 29 office floors, the complete transformation of the ground floor and construction of a new 5 story retail podium building. Investa’s lead development representative as part of the JV with Brookfield Properties.
Retail Redevelopment, Bankstown, $50m, Redevelopment of retail zones. Remix tenant base including new Coles. Manage internal design and delivery teams.
Office Refurbishment 201 Kent Street, Sydney, $30m, Asset reposition including new ground floor and the complete upgrade of 20,000sqm and services.
Office Refurbishment 400 George Street, Sydney, $100m, AFL with large lessor works package and integrated fit out for Telstra’s Sydney Headquarters.
Office Refurbishment 16-18 Mort Street, Canberra, $20m, Asset reposition and complete refurbishment of 14,000sqm and AFL with Telstra.
References
References available on request and will include current industry executives and CEO’s.
Timeline
General Manager, Property Operations & Development
Star Entertainment Group Pty Ltd
02.2024 - Current
National Manager, Capital Projects
Vicinity Centres Pty Ltd
01.2021 - 01.2024
Australian Manager, Group Development Management, Australia
Mapletree Asset Management Pty Ltd
01.2020 - 01.2021
Development Manager
Investa Property Group
01.2018 - 01.2020
Senior Project Manager
Investa Property Group
01.2011 - 01.2018
Capital Project Manager
Investa Property Group
01.2006 - 01.2011
Master Property Development -
UTS
Diploma of Urban Estate Management -
UTS
Diploma of Management Studies -
Leicester University
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