British billionaire, Sanjeev Gupta, has brought his property management business, JAHAMA, to Australia.
As part of the GFG Alliance group of businesses, which Gupta’s family owns, JAHAMA manages the property assets of the industrial group.
In Australia, the business will manage GFG Alliance’s property, which includes 170 freehold and leasehold assets, covering 200 ha. These sites comprise heavy and light industrial sites and are valued at in excess of $300 million. While no solid plans for the properties have emerged, Gupta indicated that the business will be looking to add uses beyond standard industrial capabilities.
“We have an extraordinary portfolio of industrial property assets across every Australian State, with a powerful vision of how they can be transformed into vibrant assets with higher value uses through development partnerships in the years ahead,” said Gupta.
Taking the reins will be Simonne Bailey, previously general manager of Connected Living, a business unit within Sydney-based developer Lendlease.
Bailey and Gupta indicated that bringing in mixed use to industrial sites would be part of the company’s strategy.
“JAHAMA has a clear vision and strategy to evolve the portfolio of assets from capital intensive single purpose properties to high performing assets that provide a range of benefits to GFG businesses and their communities,” said Bailey.
“We plan for these sites to continue hosting our Australian manufacturing businesses into the future, but alongside the manufacturing operations, there is so much more we can do to deliver jobs and homes of the future with a sustainable outcome,” added Gupta.
Tin announcing JAHAMA, GFG Alliance highlighted that the property development arm would enable the business to incorporate building materials and other manufactured products into the properties built on sites managed by the company.
“We will evolve these assets into showcases of how sustainability and industry can develop in tandem to benefit the entire community. We will use this as a launch pad for JAHAMA, a global first for the business, to partner with other like-minded industry portfolios,” said Gupta.