CBRE has strengthened its Melbourne capital markets team with the appointment of Tom Ryan.
Ryan brings 20 years’ experience and was mostly recently a director with Knight Frank.
In his new role as director of middle markets, he will work alongside senior director Scott Orchard in the $10 million to $100 million metropolitan office investment sector.
CBRE executive managing director, Victoria, Dean Hunt said, “Tom brings a wealth of experience and market knowledge, including a strong investment sales track record as well as notable leasing experience in Melbourne’s metropolitan markets. Our middle markets team has been responsible for some of the most notable office investment transactions in Melbourne and Tom’s recruitment will only add to our capability to deliver exceptional client outcomes.”
Orchard said Melbourne’s metropolitan markets had benefited to an extent from the current COVID-19 environment, with a heightened level of leasing and renewal activity in the early stages of 2021 than what had initially been anticipated – in addition to a higher share of sales activity in 2020.
“Melbourne’s city fringe and metropolitan office market accounted for about 80% of all office sales in the $10 million to $100 million price bracket in 2020, compared to an average of about 50% in 2018/19,” Orchard said. “Tom’s appointment will enhance our ability to support this market segment amid signs of continued buyer interest in Melbourne investment opportunities.”
