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Dexus Industrial REIT appoints Sharyn Mikhael Assistant Fund Manager

Reported by Theindustrialist
Apr 30, 2024· 2 min read
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Key Takeaways
  • • Sharyn Mikhael appointed Assistant Fund Manager at Dexus Industrial REIT (DXI), bringing more than 20 years of property sector experience to the role.
  • • Mikhael transitions from unlisted fund management where she spent three years as Assistant Fund Manager overseeing Dexus Australian Logistics Trust (DALT) and Dexus Australian Commercial Trust (DACT), demonstrating internal promotion aligned with governance continuity.
  • • DXI portfolio valued at $1.4 billion as of 31 December 2023, concentrated across high-quality industrial assets in major Australian cities, providing institutional investors with diversified exposure to logistics and supply chain real estate.
  • • Five-year tenure at Dexus positions Mikhael with deep institutional knowledge of the fund manager's operations, asset management philosophy, and portfolio strategy prior to her appointment to listed fund oversight.
Summary
Dexus Industrial REIT has appointed Sharyn Mikhael as Assistant Fund Manager, elevating an internally developed executive who brings substantial property sector credentials to the listed fund's management structure. Mikhael's appointment reflects organizational continuity, as she has completed five years with Dexus and most recently served a three-year tenure as Assistant Fund Manager for two unlisted property vehicles—Dexus Australian Logistics Trust (DALT) and Dexus Australian Commercial Trust (DACT).

According to DXI Fund Manager Gordon Korkie, Mikhael brings more than two decades of property sector experience, including prior experience as assistant fund manager for a Dexus-managed unlisted industrial fund. This background positions her to manage the complexities of a $1.4 billion listed fund portfolio as of year-end 2023, which is primarily allocated to high-quality industrial assets distributed across Australia's major metropolitan regions.

DXI operates as a listed Australian real estate investment trust with a strategic focus on industrial property generating sustainable income and capital appreciation for security holders. The appointment underscores Dexus's confidence in Mikhael's operational acumen and her familiarity with the fund's portfolio composition, investment philosophy, and governance requirements. Her transition from unlisted to listed fund management represents a natural progression within the organization's talent pipeline and supports operational stability for institutional investors holding exposure to the vehicle.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Theindustrialist Dexus Industrial REIT appoints Sharyn Mikhael Assistant Fund Manager