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Mr Mackaness, who has more than 25 years' experience in property, joins from Axa Real Estate Investment Managers, where he was head of marketing and responsible for developing UK business, including the creation and marketing of new property funds.

Prior to that, he was head of the City Investment Agency Department at Atisreal. Mr Mackaness began his career as an investment surveyor before moving to Farebrother as an associate and latterly to Matthews & Goodman, where he achieved partnership.