Parkstone Funds Management is delighted to announce the appointment of Chris Menz as the organisation’s new Chief Executive and Managing Director.
Chris brings with him invaluable property experience at the highest level. He is currently the CEO of Renewal SA, the Government of South Australia’s property development arm, where he recently announced his decision to leave after six years at the helm.
Prior to his role at Renewal SA, Chris held a range of senior leadership positions with South Australia’s largest property developer Commercial & General, Macquarie and Lend lease.
Parkstone Funds Management now has more than $350 million in assets under management with seven metropolitan and regional retail properties across South Australia, New South Wales and Queensland and numerous metropolitan land subdivisions.
The investment assets have a GLA of around 50,000 sqm and are anchored by blue-chip tenants including Woolworths, Coles, Kmart and Drakes with the land subdivisions covering almost 10ha.
In keeping with Parkstone’s commitment to investing for the benefit of investors, tenants and consumers, the current portfolio has a development pipeline of >$50 million with an end value of more than $100 million.
“The appointment of Chris sends a compelling signal about our future intentions to create a platform that allows us to continue to add value, outperform and grow beyond $1 billion in funds under management,” Executive Chairman and co-founder Paul Ford said.
“We have been building a niche portfolio of quality retail assets in regional and suburban centres and land subdivisions over the past seven years, where we have identified development upside and strong total returns,” he said.
“Along with the expertise of co-founders Peter Escott and Christopher Day, Chris’s outstanding experience across all aspects of property means we have a very strong team to drive us to the next level of our strategic growth.
“That will include continuing to focus on high return regional retail opportunities, investing in our existing assets through targeted development, building our team and expanding our capital partners.
“We are thrilled to have secured someone of Chris’s stature and excited about the value it will help create for our investors, tenants and broader team.”
Chris will start in his new roles in late September 2025.