CBRE has appointed highly regarded property professional Michael Heather as Managing Director of its Canberra business.
Mr Heather is joining CBRE from JLL, where he was Head of Sales and Investments for the ACT.
He will be commencing on July 3 and will lead CBRE’s Canberra Capital Markets team in addition to his MD role.
CBRE President & CEO, Ray Pittman said Mr Heather brought an in-depth knowledge of the Canberra market and strong leadership qualities, which would help drive the continued growth and success of CBRE’s ACT business.
“Michael’s appointment highlights our focus on employing the leading talent in our industry with a view to delivering exceptional outcomes for our clients,” Mr Pittman said, noting that CBRE saw considerable growth opportunities in the Canberra market.
Mr Heather has over 10 years’ experience in the Canberra commercial sector and been involved in notable transactions such as the recent $321 million sale of 50 Marcus Clark Street.
He has extensive relationships with institutional, private and offshore clients and is also actively involved in the wider Canberra community through his role as a board member of In The City Canberra – an organisation responsible for administering the Canberra City Centre Marketing & Improvements Grant – and as a member of Special Olympics Australia committee.
Lloyd Jenkins, Senior Managing Director of CBRE’s businesses in Western Australia, South Australia and the ACT, said Mr Heather’s appointment further strengthened both CBRE’s Canberra business and its Pacific Capital Markets platform following this year’s appointments of James Parry, Thomas Gnieser and Marc Giuffrida in Sydney and Ian Thomas in Adelaide.
“Michael is a clear market leader who has been involved in many of Canberra’s leading commercial transactions,” Mr Jenkins.
“His appointment is a differentiator for our Canberra business and provides additional firepower for our Capital Markets business at both a local and national level.”
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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 (based on 2016 revenue). The company has more than 75,000 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.