Purpose driven. Strategy-led. High conviction.

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IP Generation is an investor and boutique fund manager of commercial real estate which employs a management intensive, private equity style approach to acquiring and running its portfolio of investments.

IP Generation currently manages in excess of $900 million of assets across a mix of office, development and retail property.

Our Story

IP Generation brings together a senior team of innovative, highly skilled specialists.

Since its 2018 inception, IP Generation has grown quickly in size and reputation. The current portfolio comprises 11 major commercial real estate assets, with a combined value in excess of $900 million.

IP Generation’s mandate is to identify assets in which it has strong conviction in the ability to generate asymmetric returns – i.e. where the upside return potential is judged to be greater than the downside risk. 

IP Generation utilises its wide Industry network in a bid to identify assets that can be acquired via a non-competitive ‘off market’ process, and applies a rigorous screening and due diligence process to each prospective investment. Target assets will typically feature a combination of positive underlying fundamentals, together with unrealised performance potential which can be unlocked by: a) developing clear and actionable improvement strategies in the pre-purchase phase (Including repositioning, re-leasing, refurbishment or re-development); and b) driving performance via its intensive, hands-on asset management approach. 

While sector agnostic, IP Generation has identified that significant disruption within the retail property sector in recent years caused both structural changes (Increasing penetration of online retailing) and cyclical challenges (COVID-19), has opened up pockets of opportunity that meet its Investment mandate, and this continues to be an area of focus.  

IP Generation made its first foray into the retail property sector with the acquisition of the Coles and Woolworths-anchored ‘Corio Village’ December 2019 – upon which a major repositioning strategy was commenced. This was followed by the acquisition of the Sunraysia region’s dominant sub-regional shopping centre ‘Mildura Central’ in March 2021. More recently, IP Generation acquired a $300 million portfolio of six supermarket anchored sub-regional centres in metropolitan and regional NSW which now form part of the IPG Essential Retail Trust.

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While sector agnostic, IP Generation has identified that significant disruption within the retail property sector in recent years caused both structural changes (Increasing penetration of online retailing) and cyclical challenges (COVID-19), has opened up pockets of opportunity that meet its Investment mandate, and this continues to be an area of focus.  

IP Generation made its first foray into the retail property sector with the acquisition of the Coles and Woolworths-anchored ‘Corio Village’ December 2019 – upon which a major repositioning strategy was commenced. This was followed by the acquisition of the Sunraysia region’s dominant sub-regional shopping centre ‘Mildura Central’ in March 2021. More recently, IP Generation acquired a $300 million portfolio of six supermarket anchored sub-regional centres in metropolitan and regional NSW which now form part of the IPG Essential Retail Trust.

Our People

IP Generation brings together a senior team of innovative, highly skilled specialists with collective experience spanning a complementary set of disciplines – including financial services, funds management, retail and commercial asset management and property development.

Senior management team

Chris Lock

Founder, Co-Owner and Chief Executive Officer

Chris established IP Generation in 2018. Widely experienced in the funds management and commercial real estate industries, he has fulfilled a number of key roles in both the listed and unlisted property sectors, most recently as Co-Founder and CEO of Impact Investment Group. Chris was previously Fund Manager for the $240m ANZ Rabinov Property Trust portfolio, and, in an earlier role, responsible for a $500m portfolio of healthcare and childcare assets at a large Australian property funds manager.

He holds a Bachelor of Business (Entrepreneurship) from RMIT University and a Master of Applied Finance from the University of Melbourne. In 2017, Chris was named University of Melbourne’s Faculty of Business and Economics, Young Achiever of the Year.

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Ingrid van Dijken

Chief Operating Officer

During a career spanning 25 years across Switzerland and Australia, Ingrid has held multiple senior management positions in private banking and funds management, including Chief Operating Officer & Head of Investor Relations at the Impact Investment Group, and head of the ultra high-net-worth segment of NAB Private Wealth in Victoria.

Ingrid is a non-executive director of Terragen Holdings Ltd. She holds a Masters’ degree in International Relations from the Graduate Institute in Geneva and an undergraduate degree from the Universiteit Utrecht, in the Netherlands. 

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Greg Miles

Director

Greg Miles has over 35 years’ experience in the property, investment, development and shopping centre industry, including 23 years with Westfield / Scentre Group with four years as President and Chief Operating Officer of Westfield USA (2012-2015 ) and four years as Chief Operating Officer (2015-2019) of ASX listed Scentre Group. 

Greg has had an extensive background in retail, commercial and industrial assets over his career and has led teams to complete major transactions and many successful property developments. Greg was instrumental in developing many of the key centres in the Westfield/Scentre Group portfolio making it the leading and strongest destination driven retail portfolio across Australia and New Zealand.  Greg is currently an advisory board member of Till Payments Global Pty Ltd  , Chairman and Independent Non-Executive Director of RAM Essential Services Property Fund, and a former Director of the Shopping Centre Council of Australia.

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David Blight

Independant Chair

David has over 35 years of experience in the real estate investment management industry, both domestically and globally. He is currently Managing Director of ARA Australia, a Non-Executive Independent Director of ASX listed Japara Healthcare Ltd and Lifestyle Communities Ltd. David was also the founding Chairman and Non-Executive Director of Asia Pacific Real Estate Association (Australia).

His previous roles include Vice Chairman of ING Real Estate and Global Chairman and CEO of ING Real Estate Investment Management based in The Netherlands. He has also held senior executive positions with Armstrong Jones, Mirvac Group and APN Property Group. He holds a Bachelor of Applied Science in Valuation from the University of Adelaide.

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Harley Kras

Group Financial Controller & Company Secretary

A qualified chartered accountant, Harley is responsible for the management and control all finance-related matters across IP Generation—from day-to-day accounting functions and processes, to corporate governance and assisting with capital raising for acquisitions. Prior to joining IP Generation, he was employed as an outsourced Chief Financial Officer at Bio101

Harley holds a Bachelor of Commerce from the University of Melbourne, majoring in Accounting and Finance, and a Certificate in Governance Practice from the Governance Institute of Australia.

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George Robinson

Fund Manager

George joined IP Generation in 2019, following four years at Palalow Family Office, where as Chief Financial Officer he oversaw more than $200m in funds under management across listed equities, property and operational businesses.

George is a qualified chartered account. He holds a Bachelor of Commerce from the University of Melbourne, majoring in Accounting and Finance, and a Diploma in Taxation from the Tax Institute of Australia.

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Andrew Coutts

Head of Funds Management

Andrew has over 16 years of industry experience in roles spanning funds management, advisory and investment research. Andrew was most recently employed with global fund manager AXA Investment Managers (Alts), where he was responsible for managing large real estate mandates on behalf of Australian superannuation fund investors, and the development of new investment initiatives for AXA’s Australian business. Prior to this, Andrew was with KPMG Corporate Finance as a member of its national Real Estate Advisory team, and was the sector lead for global real estate and infrastructure at leading research and ratings house Lonsec.

He holds a Bachelor of Business (Economics and Finance) from RMIT University, a Graduate Diploma of Property Valuation and Master of Applied Finance from the University of Melbourne. He is a member of the Royal Institute of Chartered Surveyors and is a Licensed Real Estate Agent in NSW.

See more >
Jack Davis

Development Director

For more than a decade Jack has played a key role in delivering a range of large and medium-scale retail, commercial and mixed-use developments; among them, the $120m Burwood Brickworks project, which aims to be the most sustainable shopping centre in world. Prior to joining IP Generation, Jack was Senior Development Manager at Frasers Property Australia, where his responsibilities included acquisitions, divestments and transitioning assets to the investment teams.

Jack holds a Bachelor of Commerce and Bachelor of Property and Construction from the University of Melbourne.

See more >
Jai Wallis

Retail Portfolio Manager

A leasing and asset management specialist, Jai has worked on the full spectrum of commercial and retail properties throughout his 14-year career—from small neighbourhood shopping portfolios, through to one of Westfield’s largest super regional assets. Prior to joining IP Generation, he worked with Vicinity Centres and, more recently Scentre Group, developing particular expertise in asset repositioning and income maximisation.

Jai is currently completing an MBA at Melbourne Business School and holds a Bachelor of Property Valuation from Central Queensland University.

See more >
Nick Maguire

Leasing Executive

Nick is a leasing specialist with over 25 years in the property industry across the Retail and Commercial sectors.

He has worked on major shopping centre development projects including Homebush DFO (NSW), Eastland (VIC), Canberra Centre (ACT) and Watergardens (VIC) whilst also spending time in WA working on Claremont Quarter Shopping Centre. This exposure to nationwide retail markets has helped build extensive market knowledge and retailer relationships.

Prior to joining IP Generation, Nick worked with QIC GRE and Vicinity Centres.

See more >
Jamieson Cosgriff

Portfolio Marketing Manager

Jamieson is the consummate contemporary marketer. Experienced in managing multi-channel communications to both business and consumer audiences, she oversees the development, execution and delivery of marketing initiatives to all IP Generation portfolio stakeholders—from updates to our investors and centre management teams, to seasonal campaigns targeting shopping centre customers.

Jamieson holds a Bachelor of Communication Design from RMIT University.

See more >
Tom Klemens

Investment Analyst

Tom joined IP Generation in 2021 and is responsible for providing investment and financial analysis to support decision making across the IP Generation business. Prior to joining, Tom spent 3.5 years with KPMG Deal Advisory in the Transaction Services team, providing corporate clients with advisory services relating to financial due diligence, mergers & acquisitions and divestments.

Tom is a qualified Chartered Accountant and holds a Bachelor of Commerce from the University of Melbourne, majoring in Finance and Management.

See more >
Chris Lock

Founder, Co-Owner and Chief Executive Officer

Chris established IP Generation in 2018. Widely experienced in the funds management and commercial real estate industries, he has fulfilled a number of key roles in both the listed and unlisted property sectors, most recently as Co-Founder and CEO of Impact Investment Group. Chris was previously Fund Manager for the $240m ANZ Rabinov Property Trust portfolio, and, in an earlier role, responsible for a $500m portfolio of healthcare and childcare assets at a large Australian property funds manager.

He holds a Bachelor of Business (Entrepreneurship) from RMIT University and a Master of Applied Finance from the University of Melbourne. In 2017, Chris was named University of Melbourne’s Faculty of Business and Economics, Young Achiever of the Year.

See more >
Ingrid van Dijken

Chief Operating Officer

During a career spanning 25 years across Switzerland and Australia, Ingrid has held multiple senior management positions in private banking and funds management, including Chief Operating Officer & Head of Investor Relations at the Impact Investment Group, and head of the ultra high-net-worth segment of NAB Private Wealth in Victoria.

Ingrid is a non-executive director of Terragen Holdings Ltd. She holds a Masters’ degree in International Relations from the Graduate Institute in Geneva and an undergraduate degree from the Universiteit Utrecht, in the Netherlands. 

See more >
Greg Miles

Director

Greg Miles has over 35 years’ experience in the property, investment, development and shopping centre industry, including 23 years with Westfield / Scentre Group with four years as President and Chief Operating Officer of Westfield USA (2012-2015 ) and four years as Chief Operating Officer (2015-2019) of ASX listed Scentre Group. 

Greg has had an extensive background in retail, commercial and industrial assets over his career and has led teams to complete major transactions and many successful property developments. Greg was instrumental in developing many of the key centres in the Westfield/Scentre Group portfolio making it the leading and strongest destination driven retail portfolio across Australia and New Zealand.  Greg is currently an advisory board member of Till Payments Global Pty Ltd  , Chairman and Independent Non-Executive Director of RAM Essential Services Property Fund, and a former Director of the Shopping Centre Council of Australia.

See more >
David Blight

Independant Chair

David has over 35 years of experience in the real estate investment management industry, both domestically and globally. He is currently Managing Director of ARA Australia, a Non-Executive Independent Director of ASX listed Japara Healthcare Ltd and Lifestyle Communities Ltd. David was also the founding Chairman and Non-Executive Director of Asia Pacific Real Estate Association (Australia).

His previous roles include Vice Chairman of ING Real Estate and Global Chairman and CEO of ING Real Estate Investment Management based in The Netherlands. He has also held senior executive positions with Armstrong Jones, Mirvac Group and APN Property Group. He holds a Bachelor of Applied Science in Valuation from the University of Adelaide.

See more >
Harley Kras

Group Financial Controller & Company Secretary

A qualified chartered accountant, Harley is responsible for the management and control all finance-related matters across IP Generation—from day-to-day accounting functions and processes, to corporate governance and assisting with capital raising for acquisitions. Prior to joining IP Generation, he was employed as an outsourced Chief Financial Officer at Bio101

Harley holds a Bachelor of Commerce from the University of Melbourne, majoring in Accounting and Finance, and a Certificate in Governance Practice from the Governance Institute of Australia.

See more >
George Robinson

Fund Manager

George joined IP Generation in 2019, following four years at Palalow Family Office, where as Chief Financial Officer he oversaw more than $200m in funds under management across listed equities, property and operational businesses.

George is a qualified chartered account. He holds a Bachelor of Commerce from the University of Melbourne, majoring in Accounting and Finance, and a Diploma in Taxation from the Tax Institute of Australia.

See more >
Andrew Coutts

Head of Funds Management

Andrew has over 16 years of industry experience in roles spanning funds management, advisory and investment research. Andrew was most recently employed with global fund manager AXA Investment Managers (Alts), where he was responsible for managing large real estate mandates on behalf of Australian superannuation fund investors, and the development of new investment initiatives for AXA’s Australian business. Prior to this, Andrew was with KPMG Corporate Finance as a member of its national Real Estate Advisory team, and was the sector lead for global real estate and infrastructure at leading research and ratings house Lonsec.

He holds a Bachelor of Business (Economics and Finance) from RMIT University, a Graduate Diploma of Property Valuation and Master of Applied Finance from the University of Melbourne. He is a member of the Royal Institute of Chartered Surveyors and is a Licensed Real Estate Agent in NSW.

See more >
Jack Davis

Development Director

For more than a decade Jack has played a key role in delivering a range of large and medium-scale retail, commercial and mixed-use developments; among them, the $120m Burwood Brickworks project, which aims to be the most sustainable shopping centre in world. Prior to joining IP Generation, Jack was Senior Development Manager at Frasers Property Australia, where his responsibilities included acquisitions, divestments and transitioning assets to the investment teams.

Jack holds a Bachelor of Commerce and Bachelor of Property and Construction from the University of Melbourne.

See more >
Jai Wallis

Retail Portfolio Manager

A leasing and asset management specialist, Jai has worked on the full spectrum of commercial and retail properties throughout his 14-year career—from small neighbourhood shopping portfolios, through to one of Westfield’s largest super regional assets. Prior to joining IP Generation, he worked with Vicinity Centres and, more recently Scentre Group, developing particular expertise in asset repositioning and income maximisation.

Jai is currently completing an MBA at Melbourne Business School and holds a Bachelor of Property Valuation from Central Queensland University.

See more >
Nick Maguire

Leasing Executive

Nick is a leasing specialist with over 25 years in the property industry across the Retail and Commercial sectors.

He has worked on major shopping centre development projects including Homebush DFO (NSW), Eastland (VIC), Canberra Centre (ACT) and Watergardens (VIC) whilst also spending time in WA working on Claremont Quarter Shopping Centre. This exposure to nationwide retail markets has helped build extensive market knowledge and retailer relationships.

Prior to joining IP Generation, Nick worked with QIC GRE and Vicinity Centres.

See more >
Jamieson Cosgriff

Portfolio Marketing Manager

Jamieson is the consummate contemporary marketer. Experienced in managing multi-channel communications to both business and consumer audiences, she oversees the development, execution and delivery of marketing initiatives to all IP Generation portfolio stakeholders—from updates to our investors and centre management teams, to seasonal campaigns targeting shopping centre customers.

Jamieson holds a Bachelor of Communication Design from RMIT University.

See more >
Tom Klemens

Investment Analyst

Tom joined IP Generation in 2021 and is responsible for providing investment and financial analysis to support decision making across the IP Generation business. Prior to joining, Tom spent 3.5 years with KPMG Deal Advisory in the Transaction Services team, providing corporate clients with advisory services relating to financial due diligence, mergers & acquisitions and divestments.

Tom is a qualified Chartered Accountant and holds a Bachelor of Commerce from the University of Melbourne, majoring in Finance and Management.

See more >