Sydney Metro Airports appoint new CEO
The Board of Sydney Metro Airports (SMA), the owner and operator of Bankstown Airport and Camden Airport, is pleased to announce the appointment of Daniel Jarosch as the Chief Executive Officer.
Daniel Jarosch has over twenty years’ experience in private equity real estate and investment management with leading Australian institutions, including Altis Property Partners, Stockland, Macquarie Bank and PricewaterhouseCoopers. Daniel is an experienced real estate, Airport and investment leader. In his role as Investment Director and shareholder representative, Daniel has been intimately involved with SMA from acquisition by First State Super in 2015 to the present day, including strategic planning, real estate and capital management, and the development of aviation and non-aviation facilities.
Peter Achterstraat AM, Chairman of SMA said: “The Board is excited for Daniel to join SMA and lead the Airports, in what is an important phase of development for these strategic investments and critical infrastructure for NSW. We have a clear vision to develop Bankstown Airport into a dynamic, integrated aviation and commercial centre for Greater Western Sydney, including as a hub for emergency services, general aviation, training, logistics and destination retail. Daniel has been an important part of the team developing this strategy with the Board, and also dealing with the recent response to COVID-19. We are confident that under his leadership SMA will continue to deliver for our stakeholders, including General Aviation and the community.”
The Master Plan for Bankstown Airport, recently approved by the Minister for Infrastructure, Transport and Regional Development, the Hon Michael McCormack, forecasts the Airport will contribute $1.64 billion per annum and almost 1,700 new jobs to the NSW economy over the next five years, with almost 4,000 jobs created over the next twenty years.
The preliminary draft Master Plan for Camden Airport is currently on public exhibition and includes a new development concept plan over the eight-year planning horizon, supporting the Airports ongoing position as the General Aviation, emergency services, sport and recreation Airport servicing the south west growth centre of Sydney, and a bespoke commercial and employment hub for the Camden region.
Working with an outstanding executive team at the Airports, Mr Jarosch will lead the continued investment and development of the Airports, including the delivery of the new 10,000sqm premier facility for the NSW Police Force Aviation Support Branch servicing the whole of NSW (currently under construction), and the new Altitude Industrial Estate; a new industrial and logistics hub at Bankstown Airport including over 160,000sqm of prime industrial and logistics assets (the civil works and two warehouses of c.37,000sqm are currently under construction).
The Airports are strategic assets in growth corridors of Western Sydney, with total site area of 510ha and a diversified portfolio of over 200 tenancies. The Airports were acquired in 2015 by First State Super, one of Australia’s largest profit for member superannuation funds, on behalf of their members. Altis Property Partners advised on the acquisition and provides ongoing investment management and strategic development services to the group.
Mr Jarosch succeeds Ms Lee de Winton following completion of a three-year contract with SMA. Mr Achterstraat said: “Lee has done an outstanding job lifting the profile of Bankstown and Camden Airports and has achieved significant milestones for the Airports including the breakthrough PolAir facility and approval of the Bankstown Master Plan which will bring great benefit to all stakeholders. I would like to take this opportunity on behalf of the Board to thank Lee for her leadership as CEO over the last 3 years and wish her all the best in her future endeavours”.
Notes to Editors:
Sydney Metro Airports Bankstown and Camden (the Airports) are leading General Aviation and Recreation Airports in New South Wales. The Airport land holdings are significant in size (over 510ha combined) and are strategically located in Greater Sydney, under single ownership.
Bankstown Airport (BAL) is NSW’s premier General Aviation Airports and a major commercial centre in Sydney. It is located approximately 25 kilometres south-west of Sydney’s Central Business District and is well positioned proximate to the Sydney CBD and Western Sydney business hubs on a 313ha site.
Bankstown Airport is the third busiest Airport in Australia and the second busiest General Aviation Airport. The Airport operates on a 24/7 basis and serves as a flying base for Emergency Services, major flying schools and small to medium-size air freight, aircraft maintenance, charter and private business flights, and is home to more than 160 businesses. Airport operations currently contribute almost $1 billion annually and over 6,000 jobs to the NSW economy.
Camden Airport (CAL) is a General Aviation, emergency services, sport and recreational aviation Airport located approximately 50 kilometres south-west of the Sydney CBD. The Airport operates on a 24/7 basis and currently caters for a wide range of general aviation movements (fixed wing, helicopter and gliders), providing for flight training, emergency services, gliding, ballooning and recreational flying, along with not-for-profit youth organisations and aircraft maintenance facilities. Airport operations contribute approximately $110 million annually and over 500 jobs to the NSW economy.
Camden Airport and Bankstown Airport is operated by Camden Airport Limited and Bankstown Airport Limited respectively, under Head Leases from the Commonwealth Government, the owner of the Airports. Both Camden and Bankstown Airport have common operational ownership, together trading as Sydney Metro Airports.
Both BAL and CAL were acquired by First State Super in 2015 with Altis Property Partners as the Investment Manager for both the acquisition of BAL / CAL and the ongoing investment and development of the Airports. The Airports continue to be operated by Sydney Metro Airports management located on- site.
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