James Molloy and Rich Lyon's appointments are a result of ongoing growth in the company.
Oyster Property Group has announced two senior internal promotions into newly created roles, a move that comes as a result of ongoing growth and one that will support the company’s strategic plans for expansion. James Molloy will lead the Oyster investment team as general manager – investment, while Rich Lyons steps into the role of retail investment manager.
“Over the past 18 months, our portfolio has demonstrated its inherent value and Oyster has come through the challenges of Covid-19 in a good position. We are now focused on building on this to take up what we see as an expanded range of investment opportunities in the commercial property sector,” Oyster chief executive, Mark Schiele said.
“These new roles reflect this momentum and are a key part of driving it, alongside our continued commitment to delivering strong investment outcomes for our investors.”
James Molloy
A respected leader, both internally and within the sector, James will head up the Oyster investment team in the newly created role of general manager – investment. Building on his previous role as head of transactions, Molloy will be responsible for executing Oyster’s investment strategy, driving new areas of strategic focus and leading Oyster’s transactions, investor relations and equity raising teams.
During his 11-year tenure at Oyster, Molloy has played a hands-on role in some of New Zealand’s most successful unlisted commercial property funds, including the establishment of Oyster Industrial Ltd and the Oyster Large Format Retail Fund. He has been involved in several high-profile property transactions including the acquisition of the Millennium Centre in Auckland.
Rich Lyons
With more than a decade of experience in property and banking, including equity raising and commercial property finance, Lyons will step into the newly created role of retail investment manager. His mandate includes leading equity raising for Oyster transactions, the growth of its investor base and continuing to build on its service offering to current investors. In addition, Lyons is responsible for the performance and management of the Oyster Direct Property Fund.
This is supplied content and not commissioned or paid for by NBR.
