THE PROPERTY DEVELOPMENT REVIEW
FROM THE CEO
Welcome To The October/November Issue of The Property Development Review. This issue contains a special focus on the hotels and hospitality segment and features insights from a number of industry experts. According to a report by CBRE Hotels, there have been no significant changes among the top ten hotel operators over the past year. Meanwhile, JLL Hotels & Hospitality Group noted that 2024 has been one of the most dynamic years for the industry, particularly in light of economic pressures. HTL Property managing director Andrew Jolliffe tells us that although the market peaked in 2022 and has cooled slightly since then, there remains a strong demand for pubs. Our Interview series with Rob Langton revisits exclusive conversations with esteemed Australian business leaders, Nicholas Moore AO and Arnold Vitocco. Both remarkable journeys are – genuinely great listerning. As the former CEO of Macquarie’s Investment Banking Group Nicholas has cultivated a legendary track record of success. Arnold the visionary behind Vitocco Enterprises, has achieved noteworthy accomplishments in both business and personal spheres. JLL’s Women in Property Transactions (WPT) network, celebrating its first anniversary, tackles the underrepresentation of women in commercial real estate. WPT aims to enhance equity, boost female representation, and support career longevity. It has influenced parental leave policy, hosted events on bias, and is expanding mentorship initiatives and fundraising efforts. RMG supports these initatives – learn more in this issue.
On the home front, our InstaDocs dataroom product continues to show strong growth. In September, we saw a 38% increase in adoption nationally across both DR and CR, with an additional 105 hours of engagement from highly interested buyers within the RMG network. This indicates that our audience is more engaged than on any other commercial portal in the market, allowing agents to connect with more qualified buyers. In addition, we feature the latest development sites for sale nationally, plus a summary of recently transacted commercial property Australia-wide. Enjoy this issue and importantly keep well.
Nick Headshot - TPDR Intro Page
NICK MATERIA CEO - Ready Media Group
October / November 2024 – 5
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