Tim Du Temple has joined JLL as head of debt advisory in Australia. Prior to joining JLL, Du Temple ran his own boutique real estate capital firm and has over a decade of experience in the Australian structured real estate financing market.
JLL wants to strengthen the company’s corporate finance offering to meet the growing demand for non-bank lending as bank lending in Australia is tightening. According to the Australian Prudential Regulation Authority (APRA) the major banks represent about 85 percent market share of the A$250 billion ($189 billion) commercial real estate debt market. But with bank lending now constrained, there is a growing funding gap to be filled by alternative sources.
“In Australia, investors and developers are increasingly looking beyond the traditional banks to fund projects. Tim’s experience in advising clients on debt structuring will be a great asset as we look to provide our clients with a more comprehensive service throughout the investment lifecycle,” said Stuart Crow, head of Asia Pacific Capital Markets, JLL.
In his new role, Du Temple will work with clients on loan origination, refinancing and restructuring, advisory and fixed income services. Based in JLL’s Sydney office, he will report to both Crow and Chris Key, JLL’s head of Corporate Finance, Asia Pacific.
JLL is a real estate advisory firm with annual fee revenues of $5.2 billion and gross revenues of $6 billion. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio totaling 4 billion square feet and completed $138 billion in sales, acquisitions and finance transactions in 2015.