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Commercial valuations firm CBRE has launched a new division that will specialise in the prestige Sydney housing market.
If all runs smoothly, the company hopes to expand the division nationally.
Heading the new team is Bader Naaman, an expert on Sydney’s luxury residential market with 15 years of valuations experience.
In the past, Naaman demonstrated a particular specialty for valuations of high-end residences in far-flung islands, including Norfolk Island and Lord Howe Island.
Joining Naaman as lead Sydney prestige valuer will be Nathan Hasham, whose 20 years of activity in the prestige residential market has seen him set his sights on the city’s eastern suburbs.
The team – officially known as the NSW Prestige Residential Valuations team – will reportedly provide services in the $5 million-plus price bracket, and will work with both mortgage providers and private clients.
Kat Hale, Australian head of residential valuations at CBRE, stated that the new team will offer an extension of services that CBRE was already providing to elite residential clients.
“While we were already servicing the prestige market, the establishment of a dedicated NSW division will allow us to grow our high-end market share and better service our clients, drawing on a team of highly skilled professionals,” said Hale.
“We have the knowledge, skills and systems to be a strong competitor in this sector and view the NSW launch as a platform for national expansion.”
The new team launch comes less than a month after CBRE was named the number one firm globally for commercial real estate investment sales.
At the time, head of Pacific capital markets Flint Davidson stated that the company “continue[s] to deliver results under difficult market conditions” and that the firm is “very proud of our service offering to clients across Australia and New Zealand”.
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