CBRE has acquired Australian commercial property agency Burgess Rawson to bolster its metropolitan investments business.
Burgess Rawson manages transactions in a broad range of sectors, including early education, convenience retail, fast food, healthcare, large-format retail and service stations.
The acquisition will bring together CBRE’s and Burgess Rawson’s complementary strengths and resources to provide enhanced solutions for high-net-worth individuals, developers, owner-operators, real estate investment trusts, syndicators and family offices.
Burgess Rawson CEO, Ingrid Filmer, will lead the CBRE metropolitan investments team which focuses on commercial property assets and development sites valued at up to AUD$35m (€20m).
Filmer said: “Joining CBRE – one of the most respected global real estate firms – gives us the scale, capability, and reach to elevate what we do best. This partnership allows us to connect our clients to international capital, world-class research, and broader market opportunities than ever before.”
Phil Rowland, CBRE advisory services CEO, Australia and New Zealand, said: “This acquisition aligns with our strategy to best serve clients in the increasingly sophisticated private and high-net-worth investor market.
“It will enable us to diversify into new asset types and markets, access strong leadership and broker talent, and enhance our market position in what is a fragmented part of the investment sector.”
To read the latest IPE Real Assets magazine click here.
