Grollo Elected National Pca President

New Property Council National President

Daniel Grollo, CEO of Grocon, has been elected the new national president of the Property Council of Australia.

Mr Grollo succeeds Victor Hoog Antink, CEO of DEXUS Property Group, who had previously served a two-year term and stepped back into the chair following the departure of GPT boss, Nic Lyons.

"Victor very kindly took on the Presidency in October 2008 to ensure the Property Council stayed totally focussed on advocating the property sector's interests as the economic downturn took hold", Mr Grollo said.

Mr Grollo said the Property Council has a very clear agenda for speeding-up the recovery of the property sector.

"There has never been a better time to engage with Government," Mr Grollo said.

"The global financial crisis has awakened politicians to the needs of the investors who create jobs and retirement security for Australians."

"The key issues for the new Property Council board are restoring liquidity, reducing taxes, cutting red tape, nation-building investment and modernising property investment vehicles."

Mr Grollo and a new Property Council national board were elected on
16/4/09. The new board comprises:

* Victor Hoog Antink, CEO, DEXUS Property Group
* Ian Armstrong, Chief Executive Officer, Perron Group
* Andrew Bird, Director and Chief Investment Officer Property, AMP Capital Investors
* Daryl Browning, Chief Executive Officer, ISPT Pty Ltd
* Carolyn Chudleigh, Partner, Holding Redlich
* Rod Fehring, CEO, Lend Lease Prime Life
* Mark Ford, Chairman, Cbus Property
* Justin Hazell, Principal, Holcon
* Denis Hickey, CEO Residential, Stockland
* David Hutton, CEO Lend Lease Retail and Communities - Asia Pacific, Lend Lease
* Bob Jordan, Managing Director Australia & New Zealand, Westfield Group
* Mitchell Nielsen, Managing Director, Indigo
* Michael O'Brien, Acting CEO and COO, The GPT Group
* Darren Steinberg, Head of Property, Colonial First State Global Asset Management
* David Woolford, Chief Executive/MD Australia, Knight Frank (Australia) Pty Ltd

"I look forward to working with a first-class team of volunteers and staff
to advocate constructive strategies for stimulating the industry", Mr
Grollo said.

For more information contact:
Peter Verwer, Chief Executive, Property Council of Australia
0407 463 842
02 9033 1920


SOURCE: Property Council of Australia