Asteco Property Management has announced that John Stevens has been promoted to the position of Managing Director, with a mandate to take the Dubai-headquartered firm’s real estate capabilities and contracts forward as the company continues to extend its regional reach.
Stevens will still retain his role as head of Property Management for Asteco, which currently manages over 1.5 million square metres of floor space, but will also take on overall corporate responsibility as managing director, reporting directly to group CEO, Abdulla Bin Sulayem.
“John has been an integral member of the Asteco executive team for more than eight years now. Through his pragmatic approach, John has seamlessly set-up two of our three full service branch offices in the UAE, as well as giving his invaluable support to establishing groundbreaking joint ventures in Qatar and Bahrain,” said Abdulla Bin Sulayem, CEO, Asteco.
“Asteco has over 27 years of property management experience already and I look forward to working alongside John to realise our vision as the Middle East’s leading real estate company,” he added.
Stevens joined Asteco in 2004, relocating from Asia Pacific, where he held senior management positions with Jones Lang LaSalle, working with a number of blue chip clients in the facilities management field. He also worked for CB Richard Ellis, where he established the company’s Phuket operation, spearheading business development for managing a mixed regional portfolio of commercial and residential property.
“With the accent now clearly on safety, technology and sustainability, I am eager to face the challenges that lie ahead for all of Asteco’s stakeholders as we move forward together into a new era of property management,” said Stevens.
Asteco’s ever expanding portfolio of managed properties consists of over 45,000 leases or approximately 3,500 buildings. The company manages a number high profile projects including the RolexTower, MazeTower, SamaTower, Oceana Palm Jumeirah and NationTowers.