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Independent Responsible

Entity Board

Howard Brenchley

Independent Chairman


Howard has over 35 years’ involvement in the Australian property industry, as an analyst, investor and fund manager. Howard cofounded Property Investment Research Pty Ltd (PIR) in 1989, which during the 1990s was considered a leading researcher of both listed and unlisted property funds. In 1998 Howard was instrumental in establishing the funds management business of APN Property Group Limited. During this period, he was responsible for the establishment and operations of a number of funds investing both directly and indirectly in real estate. APN Property Group was sold to Dexus in August 2021.

Since 1998, Howard has been a director (or the director of the responsible entity) of numerous listed and unlisted real estate investment vehicles, and remains a Director of National Storage REIT (NSR:ASX).




Independent Director


Annabel has over 30 years of experience in the real estate industry, spanning Australia, the US and the UK. As the Head of Strategic Research for JLL Australia, Annabel is at the forefront of trends taking place across the market, and regularly produces thought leadership papers, market analysis and strategic advice to a variety of stakeholders. Annabel also has a passion for leveraging data to drive innovation, including through the development of JLL's 3D real estate models, and is a leader of JLL's sustainability, and Future Cities research.

Roles prior to joining JLL covered valuations and advisory at Cushman & Wakefield and Ratcliffe Cali Duffy Hughes in both the UK (London) and the US (North America including Alaska), and lecturing in Property Valuation at RMIT in Melbourne. Annabel’s experience extends to real estate asset classes including office, retail, industrial, hotels and residential.


Tim Slattery Managing Partner_1

Executive Director


Over 20 years’ experience across real estate investment management, finance and law.

Most recently CEO of ASX listed APN Property Group (ASX:APD) and then Head of Listed Funds with Dexus (ASX:DXS) following the agreed sale of APN to Dexus.

11 years with APN and growth of platform from under $1 billion to in excess of $3.8 billion (including sale of healthcare fund) market value of platform $26 million to $320 million (2013 – 2021).

Previously roles in investment banking with Goldman Sachs and corporate law with Herbert Smith Freehills.

Mergers, acquisitions and financing transactions worth over A$8 billion within Australia and internationally including a number of significant commercial real estate transactions across, retail, office, industrial and healthcare including in recent years the listing on ASX of APN Industria REIT and APN Convenience Retail REIT with over A$800 million in assets at IPO dates.

Chair, Property Industry Foundation Victoria, National Board Member, Property Industry Foundation.

Degrees in Law (Honours), Science, and Masters of Business Administration (London Business School).