A NEW chief executive will be joining the manager of Cambridge Industrial Trust on March 31.

The manager of the industrial landlord said that Mr Philip Levinson, 49, will also be an executive director.

Mr Levinson will replace Mr Chris Calvert who previously announced his intention to return to Australia.

Mr Levinson has close to 30 years of regional experience including 10 years in Singapore, in real estate investments, funds management, business development and private equity. His previous role was to run Blackstone's third party private placement business, Park Hill Real Estate Asia, raising real estate investment capital from pension and sovereign funds throughout the Asia Pacific region.

Mr Calvert's last day with the trust will be Feb 28.

Mr David Mason, chief operating officer and chief financial officer of the manager, will be the acting CEO until the arrival of Mr Levinson.