KNIGHT Frank has bolstered its capital markets team in South Australia with three new appointments, as well as the promotion of Max Frohlich to be the state’s head of capital markets.
Frohlich has been with Knight Frank for two years following a three-year hiatus from the company, after starting his property career as a commercial valuer.
Chet Al has joined as partner, head of investment sales, SA, Ryan Mills as partner, SA institutional sales, and Chris Clemente as sales executive, investment sales.
Al has around 14 years’ experience in commercial property, having worked at McGees prior to Savills, while Mills has more than 13 years’ experience, having worked at Colliers prior to Savills.
Clemente also worked at Colliers prior to Savills, and has around five years’ experience in the Adelaide market.
“Both Ryan and Max have come from a valuations background, giving them a wider depth of knowledge, while Max also has experience working on the client side, and Chet is well known for his ability to build exceptionally strong client relationships,” said Knight Frank managing director South Australia Bobbette Scott.
“We look forward to leveraging the wide-ranging skills and experience of all four team members, in addition to their energy and professionalism, to deliver exceptional results for our clients.”
Scott said Chet and Chris would focus predominantly on investment sales, while Ryan and Max would on focus institutional sales.
Frohlich had previously worked with Mills and on a $98 million off-market transaction for a distribution centre in Adelaide’s outer north when Frohlich was working at Realmont Property Partners in Sydney, and with Al on a $4.35 million multi-tenanted medical facility that Al sold to Leyton Property following Frohlich’s return to Adelaide.”
Frohlich said he was excited about the new team coming together at a time when Adelaide’s commercial property market was starting to regain momentum.
In the calendar year to date there has been over $1 billion of office, retail and industrial transactions above $5 million, up more than 95% from around $460 million this time last year, according to Knight Frank data.
Transaction volumes have decelerated substantially at a fund and institutional level, while interest from private investors has increased. This includes local private high net worth investors, and alternative groups seeking exposure to real estate in South Australia, such as interstate family offices and corporates looking to diversify..
