High profile recruit for CBREs Melbourne Capital Markets team
High profile recruit for CBRE's Melbourne Capital Markets team
| 23 March 2021
CBRE has recruited leading Capital Markets broker Tom Ryan to further strengthen the firm’s Melbourne Middle Markets team.
Mr Ryan has close to 20 years of experience in Melbourne’s commercial sales and leasing market and was mostly recently a Director in Knight Frank’s Capital Markets team.
In his new role as Director – CBRE Melbourne Middle Markets, Mr Ryan will work alongside Senior Director Scott Orchard to provide a market leading service offering to clients in the $10 million to $100 million metropolitan office investment sector.
CBRE Executive Managing Director, Victoria, Dean Hunt said, “Tom brings a wealth of experience and market knowledge, including a strong investment sales track record as well as notable leasing experience in Melbourne’s metropolitan markets. Our Middle Markets team has been responsible for some of the most notable office investment transactions in Melbourne and Tom’s recruitment will only add to our capability to deliver exceptional client outcomes.”
Mr Orchard said Melbourne’s metropolitan markets had beneifted to an extent from the current COVID-19 environment, with a heightened level of leasing and renewal activity in the early stages of 2021 than what had initially been anticipated – in addition to a higher share of sales activity in 2020.
“Melbourne’s city fringe and metropolitan office market accounted for about 80% of all office sales in the $10 million to $100 milion price bracket in 2020, compared to an average of about 50% in 2018/19,” Mr Orchard said.
“Tom’s appointment will enhance our ability to support this market segment amid signs of continued buyer interest in Melbourne investment opportunities.”
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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.