Real Estate Capital & Advisory
Stara Real Estate Capital & Advisory is an independent consulting and advisory firm that focuses on originating investment opportunities and providing capital solutions and strategic advice on corporate and direct property transactions and structures.
We are experienced, well connected and have a successful international track record.
We have a strong understanding of real estate fundamentals, capital markets and financial structures in multiple jurisdictions.
We are flexible, creative and nimble.
AS A REAL ESTATE INVESTOR & ORIGINATOR
Having successfully invested through multiple market cycles, we recognise that long term sustainable returns do not come simply from cap rate compression and as a consequence of the amount of capital in the market.
We have demonstrated in a wide range of market conditions that we can Identify opportunities to add value and we understand the factors and processes that lead to true real estate value creation.
We prize value creation over financial arbitrage.
We recognise that investment in passive assets, particularly in markets that have been subject to asset price inflations, does not generate long term out performance.
We understand that increasingly real estate is bound up with service provision and that Real Estate as a Service will be a key value driver.
AS A STRATEGIC ADVISOR
We recognise that successful strategies must be developed on the back
of high performing management, advanced systems, reporting
structures and risk and compliance frameworks which in turn rely on the
establishment and maintenance of cohesive cultures.
“Culture eats strategy for breakfast”. Peter Druker
Successful strategies are not simply ones that look good on a spread sheet or in a financial model. Businesses are people and implementation of strategy requires alignment and engagement.
AS A FUND MANAGER
Fund Managers do not exist simply to “clip the ticket” they must preserve
value, create value and return value to investors.
Paul was the founding executive Chairman and was subsequently the CEO & Managing Director of Cromwell Property Group (ASX:CMW) from the time it was established in 1998 until his retirement at the end of 2020, managing the Group from a start-up business to an ASX listed A-REIT with a market capitalization in excess of $3b, assets under management valued at more than $12b, operating in 15 countries on 3 continents.
Paul oversaw major transactions and Cromwell’s managed funds, was a responsible officer for Cromwell’s licensed financial operations in UK, Luxembourg, Singapore and Australia and was a Director of LDK Heath Care, Cromwell Investment Services Limited (UK), and the SGX listed Cromwell European REIT, which he launched and has a market capitalisation of in excess of $1.82bn. Under Paul’s management, Cromwell never failed to meet earnings or distribution guidance.
Before his appointment as CEO of the Group, Paul practiced in Australia and internationally as a solicitor for more than 20 years.
He holds degrees in commerce and law and has extensive experience in property development and investment, financial structuring, public listings, mergers and acquisitions, revenue matters and joint ventures. Paul continues to maintain a practicing certificate as a solicitor and is a Fellow of the Royal Institute of Chartered Surveyors.
Paul was responsible for capital raising in Cromwell Property Group and its funds and has led equity raising valued at more than $5b. Paul has considerable experience with print & electronic media and was the public face and spokesperson for Cromwell for more than 22 years.
Paul has acted as a director of companies in the property, energy & retail sectors.
Following his retirement from Cromwell, Paul established Stara Real Estate Capital & Advisory, which provides investment and operating advice and capital solutions to a range of private institutional investors and fund managers.
Jodie has spent more than 30 years in the real estate industry, with experience in agency, development, property and asset management and funds management.
As Chief Operating Officer of Cromwell Property Group from 2013 until 2021 she was responsible for management of its operational platform and organisation development integrating systems, processes, people strategies, culture and branding across 28 offices, in 15 countries and supervising over 450 employees, until her exit during the first quarter of 2021.
Jodie was Director of Cromwell Property Services and the Groups’ Corporate Licensee. Jodie continues to hold real estate licenses in all states in Australia.
She is a member of the Australian Institute of Company Directors and has extensive experience in real estate investments, corporate mergers and acquisitions, investor relations, board & board committees, strategy and business operations in multiple property markets, sectors and countries around the world.