RPM Real Estate Group has scored a recruitment coup with the appointment of former CBRE head of development site sales, Ed Wright, to the transactions and advisory team.
Wright spent the past eight years with CBRE, starting as an analyst in Adelaide before being promoted to senior manager and then associate director of Victorian development site sales, transacting more than $2.2 billion.
For the past two years, he was head of development site sales in Victoria.
RPM head of transactions & advisory Christian Ranieri said Wright’s appointment reflects RPM’s emerging status in the transaction space.
“He brings a depth of experience in structuring deals of sophistication and scale which, increasingly, is the type of transaction we manage.
“As developers – particularly international clients – diversify their property investments, Ed’s ability to nurture large scale, complex transactions from start to finish is a highly valued capability we’re continuing to build.” Ranieri said.
Wright said he was looking forward to aggressively growing RPM’s market position in the infill space.
“There’s so much upside at RPM,” he said. “It’s an exciting time to join a business in rapid growth mode. I feel I’ve got a lot to offer in terms of not just brokering the sale of significant assets, but building and nurturing the exciting young talent that RPM has attracted.
“The market is definitely changing,” Wright said. “Transactions are getting more sophisticated in terms of deal structures and international capital flows. End buyers are choosier, especially owner occupiers, and developers need to ensure they’ve got capacity and expertise to deliver the right type of product for the marketplace.”
Wright has a Bachelor of Business (Property) from the University of South Australia. He is a Licensed Agent’s representative, a Registered Land Sales representative, and a member of the REIV and Young Property Professionals (South Australia and Victoria).
Australian Property Journal
