JLL announces new Managing Director - New South Wales

AUSTRALIA, 24 August 2022 – JLL’s Australasian Head of Research, Andrew Ballantyne has been promoted to move into an additional senior management and leadership role within the JLL business, stepping into the role of Managing Director of New South Wales.

A respected property market leader and commentator, consultant and industry economist for 15 years at JLL, Mr Ballantyne leads the firm’s Research division for Australasia. He will continue to lead JLL’s team of 27 researchers across Australasia in addition to his new role as Managing Director – NSW

Andrew takes over the role from Dan Kernaghan, who moved into the Australian CEO role in April.

Andrew joined JLL in 2007 as Victorian Research Manager and subsequently moved into a national role as Head of Strategic Research, Australia. He has been leading specialist investment analysis within the JLL National Capital Markets business and providing in-depth and expert property research for clients. He was promoted to his current role as Head of Research in Australasia in 2017.

Chief Executive Officer of JLL Australia, Dan Kernaghan said, “Andrew is a leader within the property industry for his extensive market knowledge. Over the years, he has been a leading source of unique insights around the development of major office precincts in Australia, including Barangaroo South in Sydney and Melbourne’s Docklands.

“Andrew has a strong track record in client service, providing customised analysis to our clients across the commercial, residential and alternative real estate sectors. He is also a strong advocate of the importance of understanding ESG as it relates to the built environment.

“His in-depth understanding of the NSW economy, client-centric mindset and strong track record of leading high performing teams, combined with his commercial acumen and MBA qualifications, makes him the ideal candidate to lead the NSW business into the next phase of growth. After leading the NSW business for more than five years, I’m delighted to hand over responsibility to someone of Andrew’s calibre.

“Our New South Wales business is a growing and key component of the wider JLL Australia growth strategy nationally. JLL has expanded its operations in Western Sydney in response to increasing demand for property advisory services and we currently have a team of more than 1,400 people across New South Wales delivering specialist real estate services,” said Mr Kernaghan.

Speaking on his appointment, incoming NSW Managing Director and Head of Research - Australasia, Andrew Ballantyne said, “NSW has a strong infrastructure pipeline, and the completion of these projects will play a major role in shaping our state, increasing NSW economic development and prosperity. We believe that infrastructure changes real estate markets and these major projects will create new opportunities for developers, investors, financiers and occupiers.”

“I’m excited to be leading JLL’s NSW business into its next phase of growth. We remain committed to providing a high level of service to our clients across our core services, while seeking to further develop our capabilities in the areas of real estate alternatives, sustainability, strategic consulting and technology,” said Mr Ballantyne.