CBRE has launched an Australian Build-to-Rent Committee dedicated to servicing the emerging sector of the market.
Led by CBRE’s Director of Development Valuations & Advisory, Jozef Dickinson, this new Committee will provide valuation and advisory work, research, development feasibility and site identification services.
Joining Mr Dickinson in CBRE’s Australian Build-to-Rent Committee are Ken Smith, Simon Cowley, Ben Martin-Henry, Kate Heaney, Ashley Kerfoot, Josh Rutman and Simone Lutz.
The Committee will be supported by CBRE’s US-based multifamily expert Colleen Pentland Lally, Executive Managing Director of Investor Services Mark Granter and National Director of Institutional Valuations Stephen Thomas.
CBRE’s Mr Granter said the establishment of a dedicated Build-to-Rent Committee highlighted the firm’s commitment to diversify into new growth areas.
“Each of these individuals brings a unique and market leading skill set in their respective fields that will help position CBRE as the emerging leader in build-to-rent specialisation in Australia,” Mr Granter said.
The launch of this committee follows a successful nine-day build-to-rent campaign undertaken by CBRE’s US-based expert Colleen Pentland Lally across Australia last year, where, at a range of events, she shared her deep understanding of the multifamily capital markets in the US, and globally.
CBRE has a robust multifamily business in several major international markets – completing US$24 billion worth of transactions in the US, £$2.4 billion in the UK and €$1 billion in Germany, in 2017. Last year in the US, multifamily assets accounted for 32% (US$150 billion) of total commercial property investment in the US – making it the most popular asset class.
Mr Granter said: “Our global strength in this sector will provide invaluable insights into the development of this platform in Australia, ensuring that we impart the most relevant and valuable insights that help position our clients for success as they navigate the sector.”
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 (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
