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Ten brokers and four support staff have found a new home under the market name “Melbco”.
Daniel Wolman and Oliver Hay are at the helm of the new-look Melbourne-based Cushman & Wakefield investment sales team, whom the global brand has touted as holding 75 per cent market share across the Melbourne CBD over a five-year period.
Formerly of Colliers, the pair are set to cover the investment sales sectors of middle markets, city sales and fringe, metro markets, development sites, and retail sales, while also offering an Asia Services desk, all under the market name “Melbco”.
Mr Wolman and Mr Hay will be bringing with them a number of senior operators, including Leon Ma, Anthony Kirwan, George Davies, Alexander Leggo, Jeff Ha and Karim Ford.
It marks “an exciting time” for the Victorian business, according to Cushman & Wakefield’s managing director Victoria, Luke Etherington.
“The wider Victorian commercial agency will benefit greatly from Daniel, Oliver and this new team’s unrivalled track record and passion for delivering best-in-class client service.”
Mr Wolman, who is taking on roles as Cushman & Wakefield’s international director and co-head investment sales, believes their new home under a global banner will be a “natural fit” for the team.
He said joining a leading commercial real estate business during its growth phase “will help to further service their clients’ needs.”
“To join a company that is well established, both nationally and globally, is a true testament to what this team wishes to deliver to our clients, which is market-leading advice and unrivalled industry experience in an ever-changing market,” he commented.
Looking ahead, Mr Wolman has noted the stable economic and political environment on offer in Melbourne. That, coupled with a growing population, means “demand for commercial properties, including office, retail, and industrial properties is expected to remain strong.”
“The market offers attractive yields and the potential for long-term capital growth, making it a promising investment destination for local and international investors alike,” he said.
The latest announcement comes off the back of the firm building out its national commercial capital markets and national industrial capital markets teams in the state.
Mr Etherington said the group continues to develop and invest in their agency business, with the view of providing clients “with the very best brokers across every market.”
ABOUT THE AUTHOR
Grace Ormsby
Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.
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