Real estate and property management specialist Asteco, has announced major changes in its organisational hierarchy in line with its growth and expansion strategies.
Elaine Jones has been promoted from her earlier position as Managing Director to company CEO. In her new capacity, Jones will take full control of Asteco’s business and development in the region.
Andrew Chambers has been appointed as the new Managing Director, and will be responsible for expanding property services across the Middle East and developing strategic alliances with relevant target audiences.
Prior to his arrival in the UAE, Chambers was National Director of Savills in Australia and Senior Director at Trammell Crow Savills in Hong Kong. He was directly responsible for managing 180 shopping malls, 60 commercial properties and 1800 staff. He also administered property rental income collections amounting to AUS$ five billion.
While in Asia, Chambers managed high profile projects with individual budgets of over US$ 20 million, overseeing facilities and project management for several corporate clients. Chambers brings considerable experience from the property service sectors in Hong Kong, China, Thailand, Philippines, Singapore, Taiwan and Australia.
“Andrew’s coming on board cements Asteco’s alliance with Savills, one of the world’s foremost property companies,” said Elaine Jones on the recent changes. “I believe the changes in the management structure reflect Asteco’s regional aspirations. Asteco’s outstanding growth and diversification over the last two decades has developed through a reputation for professionalism, local knowledge and experience. Asteco has taken a leading role in the Dubai, Abu Dhabi, Sharjah and recently in the Al Ain property market. We aim to strengthen this growth.”
“Chambers brings an extensive portfolio of experience to Asteco and is a strong addition to the executive team. We welcome him aboard and wish him all the best.”
Founded in Dubai in 1985, Asteco is the UAE’s largest property management company. Its services include retail, commercial and residential sales and leasing; strategic consultancy; property marketing; feasibility studies and evaluations; and research and investment.
