GROWING commercial property agency Stonebridge Property Group is expanding into suburban strip retail with the appointments of former CBRE director Rorey James, together Nic Hage and Kate Johnstone.
This is the first time Stonebridge has had a dedicated focus towards the specialised strip retail market since it was founded in Sydney in 2008.
The new partnership will see James join ex CBRE directors Justin Dowers and Julian White, together with a dedicated and experienced Asia Practice division, headed up by Kevin Tong and Chao Zhang.
The trio will focus on the suburban strip retail market together with the service station and fast food convenience market, where they were responsible for more than 350 transactions over the last six years, valued in excess of $2 billion.
“What is most important with regard to growth of the business, is the improvement in our service offering. Having worked with Rorey for close to a decade, I know he and his team will only complement the existing retail team, increasing the breadth of assets and clients that we can service with dedicated professionals.” Dowers said.
James said the specialised teams will allow the company to be more focussed on each core market.
He also noted that with just under half (43%) of those 350 sales mentioned above selling to Asian investors based locally and offshore, it was a terrific opportunity for his team and his vendors to capitalise on joining a business with the most experienced Asia Practice platform in the country.
“Kevin and Chao have collectively over 20 years’ experience in dealing with the Asian market, culminating in $3 billion+ of transactions in the last five years. We are really excited at the opportunities this invaluable experience and expertise will provide for our clients at Stonebridge,” he added.
“We are delighted to welcome Rorey and his team to the Stonebridge fold. We have long admired the professionalism, dedication and sales success that they have achieved over many years. We see them as key operatives to allow Stonebridge’s to diversify our reach across all retail sub-asset classes and price points,” director Phil Gartland said.
