JLL has strengthened its western Sydney team with the appointment of Peter Blade joins as head of industrial and Greg Pike joins as a director.
Blade and Pike come from CBRE, bringing 25 and 15 years’ experience respectively.
“Western Sydney is a major strategic focus for us, and we’re thrilled to have Peter Blade and Greg Pike join the team,” JLL’s head of industrial – New South Wales, Michael Wall said.
“Peter and Greg are known as market leaders for industrial leasing in western Sydney. In fact, they have 50% market share for deals above 5,000 sqm in the Outer West market.
“They are both highly respected industry figures with exceptional market knowledge and a strong understanding of our clients’ businesses.
“We’re confident they will complement a NSW Industrial team which now boasts fourteen agents specialising in the Western Sydney market.” Wall said.
The Sydney outer west markets have been a hub of activity over recent years.
Above 850,000 sqm gross take up was recorded over 2017 in Sydney’s outer west markets. This is 50% above the 10-year average for take-up, which now makes three successive years with occupier activity well above historical benchmarks.
Sustained demand led to strong rental growth, with an average of 3.9% in prime and 6.9% across the secondary market.
This confidence has resulted in an expansion of development activity. Above 500,000 sqm of developments are currently under construction with an expected completion in 2018.
Australian Property Journal
