The directors and executive management team of First Light Capital are pleased to announce the appointment of Shane Scott as the company’s new chief executive officer.
The directors and executive management team of First Light Capital are pleased to announce the appointment of Shane Scott as the company’s new chief executive officer.
With an extensive career at the highest level of commercial real estate investment, management and equity funding, Shane joins First Light Capital in June after coming off a fixed term contract at another Auckland-based property syndicator and funds manager. Shane Scott has been tasked with growing First Light Capital’s business through strategic property acquisitions and global partnerships, in addition to creating a more streamlined management structure for the business – supported by First Light Capital’s current team of Toby Hunn, David Nicoll, Randolph van der Burgh, and Andrea Leeper. Shane Scott returned to New Zealand at the end of last year after spending 20-years in the UK, where he was a respected partner at London-based private equity real estate investment firm Resolution Property which employed 30 staff across five European offices.
Over its 25-year history, Resolution Property acquired, developed, financed, and disposed of, more than NZ$6.5billion of real estate assets – with transactions in the UK, Poland, Germany, France, Spain, Portugal, Sweden, Belgium, Romania, and Hungary. First Light Capital director Toby Hunn said Shane Scott’s international experience was an asset to the company, as First Light Capital embarks on a new phase of growth. “Shane’s deep international property experience and highly-focused skill set is extremely hard to find in New Zealand, so we are fortunate to have secured him as the new CEO to underpin and drive the business as we simultaneously strive to not only add more property assets to existing funds, but also increase and diversify our investor base through on- going capital raising processes,” said Toby Hunn.
Shane Scott said he looked forward to developing First Light Capital’s emerging presence in New Zealand’s commercial and industrial real estate investment sector, both in managed funds and bespoke property solutions, along with meeting First Light Capital’s current investors in due course - “First Light Capital has established an existing strong platform of real estate assets and investor relationships. I look forward to joining the team and being part of the next stage in the growth of the business.”
As we reflect on the year that’s been, 2023 has proven to be exceptionally busy for First Light Capital. Throughout the year and across the wider portfolio of twelve syndicates and funds, we have successfully completed 28 rent reviews, ensuring the ongoing health and growth of our portfolio.
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