New inductees into property Hall of Fame

first_imgKersley Lane by AVJenningsFrank Charnock arrived in Australia in 1961 at a time when the nation’s property investment industry was non-existent.Ms Lloyd-Hurwitz described Mr Charnock “as a seasoned professional with a razorsharp business brain, an uncanny ability to pick emerging markets and property cycles, and a passion for people”.When Mr Charnock later left Australian shores three decades later, the long-time CEO of Jones Lang Wootton, now JLL, had professionalised an entire industry, she said. “Frank championed cross-border investment and spearheaded a new way of thinking aboutcommercial property in Australia,” Ms Lloyd-Hurwitz said.“His advice to institutional investors and developers helped to shape the skylines of Australia’scities, and he unlocked the flow of institutional wealth into property that helped build prosperity for generations of Australians.” Creekwood by AVJenningsTHE founder of one of the nation’s biggest residential development companies and a man who pioneered commercial real estate have been inducted in to the Australian Property Hall of Fame.Sir Albert Victor ‘AV’ Jennings, who passed away in 1993, and Frank Charnock will be honoured at an industry event in Canberra tonight. Sir Albert Jennings, founder of AVJennings, has been inducted in to the Australian Hall of Fame for his contribution to the property sector.Property Council of Australia national president Susan Lloyd-Hurwitz said both men were chosen by the board for their sustained and visionary leadership, and for their enduring contributions to the property industry and Australia.“Property is our nation’s largest industry, and the Australian Property Hall of Fame honours the leaders who have shaped the future of our cities and helped build the communities for people to work, live and enjoy their lives,” Ms Lloyd-Hurwitz said.“The Property Council is proud to honour the legacies of these property pioneers, and toshowcase the property industry’s central role in nation building.”Sir Albert Jennings was a struggling real estate agent during the Great Depression when he recognised a gap in the market for good quality homes. In 1932, he mortgaged his family home and formed the AV Jennings Construction Co, embarking on new housing projects and selling off-the-plan contracts — a strategy that became a hallmark of his business.“Building houses for Australians drove Sir Albert’s career,” Ms Lloyd-Hurwitz said.“Sir Albert’s story is one of calculated risks, understanding the industry at its best, but also at its worst.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus18 hours ago“Sir Albert’s belief in the Great Australian Dream never wavered.”AVJennings Limited CEO Peter Summers said the Hall of Fame induction was a fitting tribute to Sir Albert who laid the foundation for the residential property industry.“He was the instigator of high volume housing that offered Australians quality affordable homes and responsible for many industry innovations used today such as display homes and cul-de-sacs,” Mr Summers said.The award will be accepted by Sir Albert’s grandson Dr Iain Jennings.The company, which still bears its founders name, has seven residential communities currently under construction in Queensland.last_img

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