(17 February 2006 – Australia) National Australia Bank has restructured its Property Finance group, combining its state based teams to better service corporate and larger middle market clients.The new team, led by Andrew Balzan, also includes technical property specialists who previously worked in the Property Risk Management division.
“Bringing our industry specialists together into one national team will enhance our competitiveness,” Balzan said.
He said a more coordinated approach would create greater innovation, best practice, and speed to market for NAB’s corporate and business property clients.
“We have supported our many clients in the commercial property sector over recent years, providing the full range of investment and development finance from the straight forward to the more complex structured project finance transactions in the residential apartment, office, industrial and retail sectors,” Balzan said.
“The property markets are dynamic, and we have streamlined our structure and added to our product offering mezzanine finance and equity arranging to enable us to offer the optimum capital solution to our clients,” he said.