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IP Generation appoints Greg Miles as Director

Greg Miles speaking at SCN's 2019 Big Guns lunch in Sydney

IP Generation, an investor and boutique fund manager of commercial real estate has announced industry veteran Greg Miles as a new Director and co-owner of the private company.

The former Scentre Group executive has decades of property experience as IP Generation looks to grow its business with a retail investment focus. Greg Miles spent 23 years with Westfield and Scentre Group, including leading the US business for four years and Chief Operating Officer for nearly five years with the Group, responsible for overseeing the largest retail portfolio in Australia.

The private company has been set up by Chris Lock and the company manages more than $400 million of assets across a mix of office, development and retail property on behalf of investors. Lock is a seasoned fund manager and was the recipient of the 2017 Business and Economics Rising Star for Young Alumni Award.

At the end of 2019 the investment company acquired Victoria’s Corio Village from Vicinity Centres in a deal that saw the centre bought at $101.0 million with a passing yield of 9.4%. The centre near Geelong provided the group with a sub-regional centre securely anchored by Coles in a trade area with a growing population.

Corio Central was bought for more than $100 million

This year the syndicate acquired Mildura Central for $81.1 million in South Australia. Mildura Central is anchored by a Target discount department store and strong performing Woolworths supermarket. The Centre has development potential and sits on a 7.35 hectare site in a key retail precinct of Mildura.

Mildura Central site

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Shopping Centre News

Shopping Centre News (SCN) is in the ‘information business’, and is perceived as such by its readers. Daily industry news makes shoppingcentrenews.com.au a must-visit as part of the morning routine for those who want to keep right across the latest retail developments and events, while SCN's premium magazine is the leading publication for the shopping centre industry in Australia and New Zealand.

Known as the ‘industry bible’ SCN is printed five times a year with fascinating, in-depth features and important critical analysis written by known industry insiders as well as the popular ‘Guns’ reports, which ranks Australian shopping centre performances. Shopping Centre News is the only publication in the world that features centre statistics on Turnover, Turnover per square metre and Specialty Shop turnover per square metre for every major centre in Australia.

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