Two highly respected leaders in the NSW corporate agency world have launched a new commercial agency, bringing their expertise and boutique brand to Western Sydney’s thriving industrial and commercial sector.
Previous roles held by the pair include 20 years of corporate service for Elijah which most recently included a 14-year tenure as western Sydney department head at CBRE whilst another 5 years at JLL spanning research, valuation and agency.
Elijah has been responsible for market-leading transactions in western Sydney totalling over $1.25 billion in sales including some recent notable transactions below:
- 490 Victoria Street, Wetherill Park and 11 Huntingwood Drive, Huntingwood - $75,000,000 sale to I & L
- 91 Kurrajong Avenue, Mount Druitt - $50,000,000 sale to Gibb Group
- 160 Newton Road and 8 Hexham Place, Wetherill Park - $44,000,000 sale to Centuria
According to Mr Shakir, the new agency seeks to service both high-net-worth private and institutional clients through a boutique service.
“ReVest Property Group has been established to provide a client-centric, independent service, we aim to give our existing client base a bespoke service wherever they need it. We have built a reputation through a strong track record, whilst always remaining focussed on the outcome. Western Sydney industrial has boomed over the past 24 months, however, we understand it had taken a long time to establish this level of growth, key changes through both e-commerce and online retail have meant a market shift in spending and the way goods travel. Industrial rental growth has been linked to the boom in e-commerce however key drivers such as vacancy, land supply and development have also been associated with growth.”
Andrew’s career spans close to 10 years through independent and corporate agencies, having recently held the joint department head role in Metropolitan sales at CBRE Western Sydney. During this time Andrew has transacted some of the largest sales in the South West of Sydney including:
- Wilton West Precinct - $88,750,000 amalgamated site sales to Barings
- 275-280 Eighth Avenue & 26-28 Kelly Street, Austral - $42,000,000 sale to Crownland
- 83 & 95 Tenth Avenue, Austral - $28,000,000 sale to Coles
Mr Sukkar commented, “Western Sydney is a growing market, with the biggest State and Federal government contribution in the country, including the Western Sydney International Airport now 90% complete, the metro stations, the M12 motorway and the recently announced $1b funding for the Fifteenth Avenue Smart Transit”.
“Western Sydney is a core employment hub with a forecast of over 200,000 jobs in the long term and an increase in our gross regional product from $199 billion to $379 billion by 2036,” Sukkar stated.
The launch of the new agency comes as the group have listed over $100 million of industrial and metropolitan properties for sale and lease, including the following:
- 5-9 Lancaster Street, Ingleburn: A securely leased institutional-grade industrial investment guiding $40,000,000.
- 137-147 McCredie Road, Smithfield: A 10,692 sqm industrial development currently under construction, which is available for lease.
- 113 Heath Road Road, Leppington: A 5.5-acre residential subdivision site guiding $10,000,000.
- 2a Sloane Street, Goulburn: A newly complete industrial unit estate to be sold in one line with a guide of $20,000,000.
We are pleased to offer such a premium grade of properties to market and we firmly believe they will be well received due to the calibre of sites.
ReVest Property Group officially opened its doors and set up its HQ at 111 Phillip Street, Parramatta.
“We are able to resonate with the market by not only plying our trade in western Sydney, but also living and growing up in Western Sydney. We understand the fabric of the market through both fundamentals and key drivers that shape it.” Mr Shakir said.
