JLL is responding to significant growth in Adelaide’s office market with two new appointments to its South Australia capital markets team, in Tom Love and Lorenz Maglieri.
Love has been appointed as sales executive – sales & investment SA and commenced in the role on 13 May.
Love is joining JLL from Savills, where he worked across both general commercial and industrial assets across Adelaide and South Australia at large, having negotiated a number of key deals.
Maglieri has been appointed as analyst – sales & investments SA and is set to commence in the position at the end of May.
Maglieri was previously at Alinea Group, a commercial real estate consultancy firm which specialises in the local government sector.
“Tom and Lorenz will add to our capacity to provide clients with expertise and sector specialisation as the investment market recalibrates over the coming year and activity is anticipated to increase,” said Ben Parkinson, managing director at JLL, South Australia.
The appointments follow several major transactions across Adelaide’s office, retail and development sector, including 104 Frome Street, which transacted for $14.2 million and represents the largest Adelaide CBD office transaction in more than a year.
This in addition to Kurralta Central Shopping Centre, which sold for $74.25 million with a passing yield of 4.12% and Highgate Park for a Living Sector redevelopment, which transacted for $42 million.
