Frasers Property appoints ESR’s Jai Mirpuri to lead industrial arm
Singapore-listed Frasers Property has hired Jai Mirpuri, formerly head of Southeast Asia at ESR Group, as CEO of Frasers Property Industrial from 11 Jan 2027. The move is part of a week of personnel changes across Asia Pacific’s real estate sector, including new presidents at GLP Japan Advisors and
Singapore-listed property group Frasers Property has appointed Jai Mirpuri chief executive of its industrial and logistics business, Frasers Property Industrial, from 11 January 2027, according to an announcement to the Singapore Exchange last week. Mirpuri, formerly head of Southeast Asia and chief executive of ESR Funds Management at ESR Group, replaces Reini Otter, who is leaving to run ESR’s Australia and New Zealand business. Mirpuri has spent more than 18 years at ESR and its predecessor Redwood Group, and sits on ESR’s executive committee, according to the statement. ESR has not named a successor.
Asset manager GLP Japan Advisors, which runs Tokyo-listed logistics trust GLP J-REIT, has named Hirokuni Tadokoro president, according to an announcement to the Tokyo Stock Exchange last week. He succeeds Yuma Kawatsuji, who resigned as president and director on 15 October. Tadokoro joined GLP in March 2019 as Japan chief financial officer and has served as a director of the manager since March 2023. He spent 14 years at Prologis in Japan, including as chief financial officer, and served as a director and later auditor of Prologis REIT Management.
Jiten Manglani has joined Australian pension fund AustralianSuper as senior investment director for real assets in New York, according to a LinkedIn announcement. Manglani joined Australia’s largest superannuation fund last month with the pension fund manager having S$95 billion invested in North America, including S$8 billion in direct investments since 2020. Manglani previously spent five years as managing partner and chief investment officer at water-focused investment firm Aqualateral, and eight years at Morgan Stanley Infrastructure Partners.
Steven Sewell will retire as managing director of ASX-listed commercial property group Abacus Group on 9 July 2027, or earlier if a successor is appointed sooner, according to an announcement to the Australian Securities Exchange last week. Sewell said the time was right for his departure after the Abacus completed the internalisation of self-storage operator Storage King Group on 30 June. He has led Abacus since April 2018, after joining in October 2017 as chief investment officer, and earlier was chief executive of Federation Centres, which merged with Novion to form Vicinity Centres in 2015.
Tom Butcher, head of infrastructure for Asia Pacific at investment bank Macquarie Capital, is leaving the firm, according to a report in the Australian Financial Review last week. Michael Milne, head of technology, media and entertainment, and John Farnik, head of industrials, will broaden their responsibilities after his exit, the report said. Butcher joined Macquarie in March 2022 from Credit Suisse, where he led resources, energy and infrastructure, and earlier worked at Bank of America Merrill Lynch. Macquarie Capital advised Foresight on the A$660 million (US$458.7 million) Kinetic continuation vehicle in September.
Shintaro Mori will move from London to lead the new Tokyo office of European private credit manager Pemberton Asset Management, following its opening last week, according to a press release by the firm. Mori, a managing director in business development with the company, joined Pemberton in 2017 after more than a decade at Deutsche Bank and a stint at Sumitomo Mitsui Trust Bank. Shotaro Sese, a former Sony Bank senior manager, joins as executive director for business development and Naoko Nozaki joins as head of compliance in Japan.
Marcus Day has joined Chicago-based real estate investment manager LaSalle Investment Management and will take over as head of LaSalle Global Solutions on 1 January 2027, according to a press release by the firm last week. Day will run LaSalle’s US$10 billion private indirect investment platform, covering multimanager, fund of funds, joint venture, co-investment and secondaries strategies, and report to chief executive Brad Gries. He joins from Brookfield, where he spent six years as co-head of its real estate secondaries platform, and earlier led Americas acquisitions at Partners Group’s real estate secondaries business.
Princeton Digital Group has hired former Alinta Energy executive Scott Thomas as general manager of its recently established Australian business, with Sydney-based executive having joined the team last month, according to his LinkedIn profile. Thomas spent more than eight years at Alinta, where he served as general manager of the company’s power generation business across Australia and New Zealand. Warburg Pincus-backed PDG acquired a site in New South Wales in March this year and more recently has been linked to a potential acquisition in Victoria, as the company adds another country to its APAC-wide platform.
Chris Cordwell has joined ASX-listed property group Dexus as general manager of leasing, according to a LinkedIn announcement last week, and will handle vacant space and renewals across its Australian office portfolio. Cordwell spent 13 years at Brookfield Properties, most recently as director of leasing for its Sydney, Melbourne and Brisbane offices, until April. Earlier, he worked in tenant advisory at Grant Samuel and in office leasing at Colliers International. Dexus reported office occupancy of 93.8 per cent at 30 June, according to its annual results announcement.
