Real estate group welcomes new bosses

A real estate investment manager has announced its new chief executive officer and board of director.

Real estate group welcomes new bosses
Stride Investment Management Limited (SIML) has appointed Philip Littlewood as chief executive officer and Philip Ling as director of the stapled companies, SIML and Stride Property Limited.

Littlewood’s appointment was a promotion from his general manager investment management position and as a member of the leadership team, chairman of SIML, Tim Storey said.

Littlewood joined Stride in 2014 and Storey said he was instrumental in devising the group’s strategy to separate real estate investment management business from the property investment activity, creating the stapled structure which brought together SIML and Stride to become the listed entity Stride Property Group.

SIML now manages the property portfolios of Stride, Investore Property Limited and Diversified NZ Property Trust, with a combined asset value of over NZ$2 billion.

“I’m thrilled to be appointed as Stride Property Group’s Chief Executive Officer,” Littlewood said.

“I’m proud of the business we have created for Stride Property Group and I’m excited to see where we can take the Group. It is an honour to have my involvement to date in driving our growth agenda recognised by the Board through this appointment.”

Ling’s appointment to the board of directors brings over 30 years of extensive experience in funds and property management, within both listed and unlisted entities in New Zealand and off-shore. 

He has held numerous CEO and directorship positions and will significantly complement and strengthen the current capabilities within the existing Board, Storey said.

“Philip has a passion for the real estate industry and specifically expertise in asset management, property development, portfolio acquisitions and disposals, re-positioning and investment,” Storey said. 

Both appointments were formally approved by the Stride Property Group Boards on Monday and are to take effect immediately.