URGENT UPDATE: Goldman Sachs has just announced the appointment of Samuel Green as a new managing director for its real estate team in Sydney. This significant move follows Green’s eight-year absence from the firm, during which he held key roles at Apollo Global Management and Macquarie.
In an internal memo released earlier today, Goldman stated that Green will “lead the strategic direction and growth” of its Australian equity and credit platform. His role is crucial as Goldman seeks to enhance its client relationships across the region and expand its footprint in the competitive real estate market.
This announcement comes at a pivotal time when CapitaLand of Singapore is also making strides into private credit, marking a growing trend among major firms to solidify their positions in real estate financing. Goldman’s Alternatives team has aggressively invested over $14 billion in Australian real estate since 2021, demonstrating its commitment to this lucrative market.
Green’s past experience includes serving as a board member at MaxCap Group, a portfolio company of Apollo, and his tenure in Macquarie’s private equity and credit division. His extensive background positions him well to steer Goldman’s initiatives effectively.
Recent activities by Goldman Sachs include acquiring seven last-mile logistics properties in major cities such as Adelaide, Brisbane, Perth, and Melbourne. Furthermore, the firm has secured a construction facility to support the development of a 40-storey residential tower in inner-city South Melbourne, along with plans to offer construction debt for low-carbon residential and office projects in Australia.
As this story develops, industry experts are closely watching how Green’s leadership will influence Goldman Sachs’ strategy and growth trajectory in the Australian market. Stay tuned for more updates on this unfolding situation, as it could reshape the landscape of real estate investment in the region.
