The Asset Management division of Colonial First State Global Asset Management is one of Australia’s largest property management and development groups with more than A$15 billion in assets under management, including A$11 billion in retail assets.
The Asset Management division of Colonial First State Global Asset Management is located at Chadstone in Melbourne and wholly owned by Colonial First State Global Asset Management, a division of the Commonwealth Bank of Australia. Asset Management is part of the Property division, which is comprised of listed and unlisted funds.
Asset Management focuses on maximising owners’ return on an asset by asset basis. To date, this has been achieved by applying its proven expertise in sustainable development, intensive asset management and strategic leasing plans.
Our history
The Asset Management division of Colonial First State Global Asset Management, formerly Gandel Retail Management (GRM), was established in October 2002 to manage and develop retail assets, principally shopping centres, on behalf of third parties.
In May 2006, when the business was wholly acquired by Colonial First State, it managed over A$8 billion of prime retail assets located throughout Australia. Colonial First State Global Asset Management has since expanded its capabilities beyond the retail sector and is steadily growing its operations in the office sector.
Our shopping centre portfolio
Colonial First State Global Asset Management has a long and successful history in retail property and understands how to create a successful environment for retailers and how to intensively manage retail assets to create value for owners. Our proficiency in shopping centre development and strategic acquisition will see the portfolio continue to grow and diversify.
Colonial First State Global Asset Management currently manages a high quality portfolio of 33 shopping centres and retail precincts across Australia, including Chadstone, Chatswood Chase Sydney and QueensPlaza, with more than 4,000 tenants and 250 million visitors a year.
Colonial First State Global Asset Management also has more than A$2.9 billion worth of retail development projects in the pipeline, with A$1.3 billion of projects currently under development.
