About Paloma Property Partners
Paloma Property Partners is a private real estate investment and asset management firm. We target core-plus and value-add risk / return opportunities in the major East Coast markets of Australia, in partnership with high net worth and institutional capital.
Paloma’s founders create value from our assets and for our partners through a rigorous investment process, an entrepreneurial approach to deal structuring and pro-active asset management.
Paloma services sophisticated capital seeking attractive real estate investments in Australia.
Paloma is led by a highly experienced and trusted team with a specialisation in the active repositioning of assets. To achieve the best outcomes for our partners, Hamish and Peter keep their own hands on each element of Paloma’s investments, from the inception of a deal idea to the sale of the investment.
We focus our tailored approach on meeting the investment objectives of our capital partners while incorporating uncompromising acquisition procedures based on asset fundamentals, market knowledge and macroeconomic research.
Applying our innovative asset management capabilities, we have demonstrated our ability to generate attractive risk-adjusted returns through market cycles. Our focus is on:
• Adding value to underutilised property through a repositioning strategy specifically tailored to the sector, prevailing market conditions and fundamentals of the asset
• Identifying investment themes, future trends and the demands of our tenants and next buyers
• De-risking or overcoming imperfections in assets to enhance the liquidity for our investment
• Creating diverse and robust income from the asset or portfolio
We are passionate about a partnership approach to investing. We strongly believe this partnership needs continuity of personnel from idea conception through to execution of the asset strategy and eventual sale to generate the best outcome. We pride ourselves on a hands-on culture of transparency, open debate and collaboration with our capital partners and market consultants.
The Paloma Team
With a combined 40 years of real estate investment experience, Paloma’s Directors have traded assets through multiple market cycles enabling us to navigate the current market volatility.
The Paloma Directors have built a proud reputation over their many years operating in the real estate industry, both in Australia and overseas.
Hamish de Crespigny
Hamish is a co-founder and Director of Paloma Property Partners.
Before establishing Paloma with Peter, Hamish was a Director at Vantage Property Investments for 11 years where he was responsible for acquisitions and capital partner relationships. While there, he crafted more than 25 deals totalling over $830m across office, industrial and retail asset classes. His equity partners in these transactions were private investors, family offices and institutional capital throughout Australia, Asia and the US including KKR and Credit Suisse.
Prior to Vantage, Hamish was an asset manager for Macquarie Capital for five years and had previous roles in property development with Multiplex and agency with Gross Waddell.
Hamish’s key strengths lie in unlocking value-add assets and aligning capital with creative risk/return opportunities. He is passionate about hands on real estate transactions and is very experienced in repositioning and adding value to underutilised assets.
Hamish holds a Bachelor of Business (Property) from RMIT and a Post Graduate Diploma – Finance and Investment from the Financial Services Institute of Australia. He is a member of the Australian Institute of Company Directors.
Hamish is based in Melbourne, Australia.
Peter White
Peter is a co-founder and Director of Paloma Property Partners.
Peter has over 20 years of experience in the Real Estate sector in the Australian, NZ, UK and European markets with a focus on direct investment and opportunistic credit.
Prior to co-founding Paloma Property Partners, Peter led the Real Estate business for Australia & NZ at Kohlberg Kravis Roberts & Co. Inc. (KKR) for over six years, which included joint ventures in the office, industrial and logistics, retail and residential sectors and targeted value-add to opportunistic returns.
Prior to KKR, Peter held senior roles at Deutsche Bank, Catalyst Capital and Investec. During these roles, Peter gained experience in the acquisition and repositioning of assets, portfolio accumulation, provision of leveraged finance, non-performing loan acquisitions / workouts and corporate advisory mandates. This experience extended through traditional real estate sectors and into the student housing, short-stay accommodation and hospitality sectors.
Peter graduated from the University of Wollongong with a Bachelor of Commerce (Finance & Economics).
Peter is based in Sydney, Australia.
Investment Approach & Track Record
We specialise in the active repositioning of assets and the creation of portfolios in the specialised / alternative property sectors
We undertake thorough financial analysis based on our deep understanding of markets and economic trends to identify growth opportunities or market imperfections.
We strive to:
- Utilise the quality of our relationships and track record with market makers and sourcing channels
- Think laterally
- Act decisively
- Build long-term relationships with our capital partners, tenants and market participants
- Leverage our vertically integrated asset management capabilities to execute each business plan
Importantly, we can service various capital sources with diverse transactions. We are nimble so can pivot quickly as opportunities are unlocked.
A capability statement detailing recent transactions undertaken by Peter and Hamish is available on request.