Sydney, 18 March 2013- Leading retail property professional Neil Proudlove has re-joined CBRE as Regional Director of the firm’s Retail Investments team.
CBRE President & CEO, Australia & New Zealand, Tom Southern said the appointment would add significant firepower to the firm’s retail investments offering, given Mr Proudlove’s broad ranging retail market experience and previous track record in transacting some of the country’s best known shopping centres.
“Our Retail Investments team has gone from strength to strength in recent years. It is now regarded as a market leader in transacting neighbourhood and sub-regional shopping centres,” Mr Southern said.
“Neil’s appointment further strengthens that platform, particularly at the top end, and highlights our commitment to enhancing the service we can offer to clients across the entire spectrum of retail investments.”
Steve Lerche, National Director-CBRE Retail Investments, will work alongside Neil Proudlove to continue enhancing the division’s nationwide capabilities and track record in all segments of the Australian retail market.
Of the new appointment Mr Lerche said; “CBRE recognises the opportunity to continue building our market share. With the senior appointment of Neil, both I and CBRE’s nationwide Retail Investments team are very excited about the future of the business and its continued growth in 2013 and beyond.”
Mr Proudlove has close to 30 years property experience, including almost 20 years in Australia. He has rejoined CBRE after 7 years in the private sector as General Manager of Precision Group, the highly successful investment company owned by property entrepreneur Shaun Bonett.
Prior to Precision, Mr Proudlove worked in various roles at CBRE, commencing as a valuer in 1994, before being promoted in 2000 to the newly created CBRE role of Senior Director-Retail Investment Sales.
Over the next five years, he was involved in over $3 billion in shopping centre transactions, including some of the largest Sydney retail sales at that time: Chatswood Chase, Sydney Central Plaza, Centrepoint, Harbourside and Birkenhead Point.
Speaking of his new role, Mr Proudlove said; “I am very excited to be returning to CBRE. The role of Regional Director-Retail Investments will give me the opportunity to once again work alongside some of the property industry’s most respected professionals, many of who I can call friends as well as clients and colleagues. At the same time, returning to agency allows me to rekindle my passion for selling real estate in the specialised retail investments sector of the market.”
Mr Proudlove added; “I am also very much looking forward to using the skills learnt in the private sector to assist CBRE’s already highly successful nationwide Retail Investments team. At the same time, as a group we will be offering our valued clients the highest level of service on a local, regional and international basis.”
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com.au.