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Bill McHarg remains the property industry’s hottest employable asset leading into 2008, with speculation commercial property heavyweights CB Richard Ellis, Jones Lang LaSalle and Knight Frank have already made it clear there would be an office for him there, if and when he is ready.
December is typically the most active time for staff moves in Melbourne’s commercial property game – and 2007 is not expected to be any different.
Senior resignations, to bite big carrots for “signing on” with a rival company, could start as early as this week insiders speculate.
Last years big movers – Andrew Wood and Ian Treloar, who left Knight Frank for JLL and Martin O’Sullivan and Mark Wizel who left Colliers for CBs, have each had hugely successful years.
From an agency sales point of view, this year’s biggest surprise has come from 600 Bourke Street, with JLL convincingly becoming a force in the Investment Sales market, a domain historically dominated by CBs and Colliers International.
JLL has marketed 4 properties worth more than $50 million in 2007, bringing the total value of sales for the year to $1.35 billion. This compares to 1 property sale of over $50 million in 2006, resulting in a total sales value of $380 million.
Knight Frank has proved it is up for the challenge too. Its power sales duo of Clinton Baxter and Langton McHarg sold 30 properties in a row at auction this year.
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