SAVILLS has appointed ex-Wallaby player, Drew Mitchell, to its NSW pub team.
Mitchell will be based in the group’s Sydney office as a manager of hotels and will focus on the pub sector across the state.
“We are delighted to welcome Drew, with his profile and deep strength of relationships, to the team,” said Leon Alaban, head of hotels at Savills Australia and New Zealand.
“For several years now, the Sydney and greater NSW pub brokerage landscape has largely been dominated by just a few agents. Drew’s appointment offers vendors and buyers another option, and an approachable and trusted operative to help meet the needs of our clients.”
Mitchell played for the Western Force the 2007 to 2009 Super 14 seasons, before playing from 2010 to 2013 for the New South Wales Waratahs and is the highest try scorer in World Cup history.
“Pubs in NSW have witnessed a recent increase in activity for both sale process and transactions during the first quarter of the year and this is anticipated to continue to increase as the year unfolds,” said Nick Lower, national director of hotels at Savills.
“Interest rates appear to have stabilised, no doubt providing some comfort to vendors, along with economist predictions that any next interest rate move will likely be downward. If correct, this should respawn investment optimism and therefore allow the capital stacks keenly positioned on the sidelines to deploy funds once again into the sector.”
