THE PROPERTY DEVELOPMENT REVIEW
FROM THE CEO
Welcome to our first edition of The Property Development Review of 2024! We trust you had a restful and rejuvenating break. Looking back, 2023 proved to be a challenging year for commercial property transactions, widely considered by some as the most difficult since 2008 in terms of transaction volumes. Despite the ups and downs, the latter part of 2023 showed promising signs with robust listing volumes and increased inquiries. Exiciting, our full-service in-house creative agency recently rebranded as “Rooftop ”. We have consolidated all of our award-winning creative services under the one roof. With delight, our year has kicked off, with several significant client property campaigns currently in creative development. In other news, we are delighted to announce the recent key appointment of Chris Gallichio , as our Head of Digita, spearheading our product, technology, and client marketing initiatives. Chris brings a wealth of expertise to this role, with previous senior positions including at News Corp. This edition is packed with insightful content. Benni Aroni , Director of Property at Pitcher Partners, reviews the challenging 2023 market and discusses the outlooks for both 2024 and 2025. Ray White’s Head of Research, Vanessa Rader , highlights five key commercial markets currently ripe with opportunity. Erin Van Tuil , Partner & Head of Residential at Knight Frank, discusses the luxury and high- end residential property market in Australia, relative to global markets. Catherine Scott , Associate Director of Investment Services at Colliers explores the evolution in marketing and campaign strategies of commercial property campaigns. We also feature Marcello Caspani-Muto
& Jimmy Tat from CBRE’s Healthcare & Social Infrastructure division, who share essential market themes and trends with practical case studies. Matthew Alessi & Brendan Wein , Managers of Industrial & Logistics at CBRE, analyse Australia’s industrial and logistics market with a focus on Sydney’s North and Outer Western Sydney region. For our exclusive series, The Interview, Rob Langton had the pleasure of sitting down with some of Australia’s most prominent investment and property figures. His interview with Charlie Bass discusses his career journey, business fundamentals, and key achievements. Mick and Scott Power share insights from their successful journey with the BMD Group, emphasising business lessons and corporate culture. In addition, Tony Howarth AO sheds light on his diverse roles across various boards. As always, we keep you up-to-date with the latest development and commercial opportunities, market overviews and notable transactions from around the country. Enjoy the read!
EDITOR IN CHIEF Frank Materia frank@ readymedia.com.au
IN-HOUSE WRITER Oliver Gregurek
ADVERTISING OPPORTUNITIES frank@ readymedia.com.au PROPERTY LISTING ENQUIRIES info@ readymedia.com.au EDITORIAL ENQUIRIES editor@ readymedia.com.au CONTACT Ready Media Group Head Office Level 3 161 Buckhurst St South Melbourne VIC 3205 03 9631 5476 info@ readymedia.com.au
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NICK MATERIA CEO - Ready Media Group
February /March 2024 – 5
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