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Dacland welcomes new chief executive officer, Travis Deans

People & Companies / Latest News

Australia

Apr 06 2017

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Leading land developer, Dacland has announced the appointment of former Metro Property Group Chief Financial Officer, Travis Deans to the role of Chief Executive Officer.

Initially joining Metro as one its first employees nearly seven years ago, Travis was an integral part of the company’s unprecedented growth that saw it expand to become one of the fastest-growing private developers in Australia. Travis joins the Dacland team with the same aspirations for his new role.

“It is incredibly exciting to be joining a team that is an established, well-respected and innovative leader in the house and land market,” said Travis.

“When I started at Metro there were only a handful of us working on one project and a housing business. By the time I left, there were over 150 employees and 63 projects in the portfolio.

“I see many similarities with Dacland and feel strongly that we can achieve a similar trajectory here.”

Travis’ extensive experience in property finance saw him raise in excess of $1.3 billion in debt for Metro while establishing a corporate debt facility with Credit Suisse, to support the fast-growing developer’s needs.

“My aim at Dacland is to build on the platform, corporatise and grow the business and capitalise on new opportunities for bank and equity partners.

“One of the biggest challenges I foresee across the industry in the next five years will be the debt market’s continued lack of availability, so in order to deliver innovative funding solutions, relationships will be key, along with the ability to explore non-traditional and alternative opportunities such as corporate facilities or stretched senior debt.”

The appointment of Travis marks a significant time for Dacland as the developer prepares to launch an ambitious new 60-hectare land parcel in Plumpton, in addition to delivering in excess of 1000 blocks to the market across six projects in the next calendar year, according to Dacland’s Managing Director, John C Dwyer.

“The qualities and expertise that Travis possesses is the perfect ingredient to complement our team as we look to significantly expand our market position this year,” said John.

“Travis’ passion and approach to finance, along with his experience and motivation to grow a business, were some of the key skills we identified for the role. Dacland has enjoyed steady growth for the last 20 years to become one of the nation’s largest land developers by volume of sales.

“With a number of new projects poised to launch in the next 18 months and a steady foundation of processes and relationships already in place, we are now ready to embrace the next phase of the Dacland journey, with Travis leading that charge,” he said.

Along with the new appointment of Travis, Dacland is also celebrating the commencement of construction at the first homes at both Rothwell Village in Tarneit and King’s Leigh in Werribee, and concurrently the completion of the first stages at Lochaven community in Cranbourne West and Manzeene Village at Lara.

“The next 24 months is looking incredibly busy for Dacland so with Travis at the helm we are well equipped for an innovative and transformative year.

“With a dynamic and vibrant team of experts across all areas of property development, design and urban planning, Dacland is excited to welcome Travis as the last piece of our puzzle,” he said.

 

About Dacland

Dacland is an award-winning, urban design-led land developer founded in 1999. Established as a family business with integrity and passion at its core, Dacland is dedicated to changing the way people perceive the property and development industry. Today, Dacland boasts over 6500 land lots across its portfolio worth a combined total of $2.1billion. With an in-house urban planning team, Dacland’s communities instil a sense of home, safety and wellness that very few can complete with. Through its design-led philosophy, Dacland strives to add value through amenity, community and environment that benefits residents, stakeholders and investors alike

SOURCE: Press Release

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