February 4 2020 -
Consolidated Properties Group appoints first Chief Operating Officer
Consolidated Properties Group has appointed experienced finance and strategy professional James MacGinley to the newly created role of Chief Operating Officer, as it continues to ramp up its development workbook.
Mr MacGinley will join the executive team at CPG, which is celebrating the end of its 40th year in business with a string of new retail acquisitions and the launch of the first stage of residential at its $850 million Yeeronpgilly Green urban renewal community in the heart of Brisbane.
He joins the company after holding senior roles in Brisbane, Sydney and London, with some of the nation’s most well known corporations including Macquarie Group, BHP Billiton, National Australia Bank and Blue Sky Alternative Investments.
CPG CEO & Chairman Don O’Rorke said the growth of the company, which currently has a total of $2.3 billion in projects planned or under development, had created the need for a dedicated Chief Operating Officer.
“James will be an integral part of our executive team as we move into our next phase of growth,” he said.
“He will focus on a range of strategic initiatives including accessing further capital to help guide the roll-out of our significant pipeline of projects across the commercial, retail and residential sectors.
“James comes to us having held senior leadership positions in a number of highly respected organisations and there is no doubt he will be an asset to the CPG family.”
Mr MacGinley said after a career that saw him move to Sydney and London, he was excited to take on another role in his home town of Brisbane.
“It is an exciting time to join the ranks of the CPG team, which has developed such a strong track-record over four decades and has a number of very exciting, transformative projects underway,” he said.
“I look forward to working closely alongside Don, who has developed a reputation as one of the best in the business.”
Mr MacGinley grew up in Brisbane and graduated from the University of Queensland, before heading to Sydney to further his career with a role in the investment banking team at Macquarie Group.
“After four years in Sydney, I was offered a role with Macquarie Group in London, where I worked for two years. During this time I witnessed first-hand the merger and acquisition boom in Sydney in the mid-2000s and then the challenges and opportunities of the GFC in London,” he said.
“Since returning to Brisbane, I’ve worked across a range of finance and strategy roles which have positioned me well to support CPG’s continued growth.”
As Co-Head of Real Estate at Blue Sky, Mr MacGinley executed the successful sale of the Retirement Living development business in 2018 and the $700 million sale of the Atira Student Accommodation business to Scape in 2019.