MICHAEL Fenton has returned to CBRE, to head its Australian industrial & logistics capitals markets team as well as the role of co-senior managing director of the firm’s NSW business.
Fenton is joining CBRE after more than nine years at JLL, where he held dual roles as Australian head of industrial and managing director, NSW. He brings over 24 years of experience including senior roles with Dexus, CBRE and JLL.
Throughout his career, he has been involved in transactions totalling over $3 billion including the recent $1.073 billion sale of the GIC Australian Logistics Portfolio to Ascendas REIT, the $253 million sale of the Coles Chilled Distribution Centre at Eastern Creek to Mapletree Logistics and the $303 million sale of the Equity Commonwealth Portfolio to Propertylink.
CBRE’s Pacific president & CEO Ray Pittman said the appointment highlighted CBRE’s focus on attracting high level talent, with a view to providing exceptional service and support to clients.
At the same time, Chris O’Brien has been promoted to a role as executive director, industrial & logistics capital markets for Asia Pacific.
“There is a deep buyer pool for quality Australian industrial & logistics assets, which has underpinned considerable investment activity in the sector and driven yields to record lows,” Pittman said. “Michael and Chris will work closely together to leverage this strong, ongoing demand from both local and offshore investors, supporting our clients while further strengthening our market leading position in the Australian industrial & logistics sector.”
Australian Property Journal
