SAVILLS has expanded its Victorian business with a new residential projects team that will leverage over 60 years’ combined experience in the industry.
Michael Lang will lead the team in the role of state director, joined by Robert Bacelic (channel sales lead), Micah Ashley (associate director) and Nicholas Boland (associate director).
Lang, who has over 20 years in the industry, specialises in selling off-the-plan and established residential properties across the breadth and depth of Melbourne. Bacelic has spent the past two decades driving property strategies for high-net-worth private companies, and has developed strong cross-border and channel sale connections for off-the-plan residential.
Ashley brings over a decade of experience, and client servicing skills with a focus focuses on apartment and townhouse project sales, while Boland also brings a decade of experience in residential sales across a broad spectrum of properties from boutique townhouses through to large-scale apartment projects across Melbourne.
Joe Phegan, state managing director – Victoria at Savills Australia and New Zealand said the additional offering to the Victorian business was timely given forecasted market changes.
“Melbourne is already experiencing a severe shortfall of housing and with the city expected to become Australia’s fastest-growing city, outpacing Sydney’s population by 2030, there’s never been a greater urgency to help meet the steady demands for residential properties in the inner and city fringe Melbourne precincts,” Phegan said.
“Apartment projects amongst existing infrastructure are expected to help address this shortage and, given their expertise and track records selling residential developments and off-the-plan stock, Michael and the team will be invaluable additions to the Melbourne office as they support our clients with strategies for design, marketing and sale of all types of built form residential across Melbourne.”
Over the past four year, Savills Melbourne has sold more than 180 development site worth more than $1.5 billion . Phegan said the addition of a dedicated residential project sales team was a “natural progression in the growth trajectory of the Melbourne office”.
Lang said, “Over the past decade, the apartment market has swung away from being predominately investor orientated to a more concentrated owner occupier-dominated market as the value and appeal of city and inner-fringe living has become ever more apparent.
“We have identified a void in the marketplace for an offering that can cater to both boutique metro and prestige developers as well as inner city and CBD towers. We’re excited about growing the team further and leveraging Savills’ local, national and global reach for our clients,” Lang concluded.
