CBRE and Mark Wizel split after 13 years

EXCLUSIVE

In major Melbourne commercial property industry news, CBRE and one its highest profile and biggest billing agents, Mark Wizel, split today.

The announcement comes 11 months after the agency poached Sydney broker Simon Rooney from JLL and drafted rules of engagement which, amongst other things, prevented colleagues nationally from competing on listings worth more than $75 million.

Mr Wizel had only just sold the Burwood One Shopping Centre in East Burwood for more than $180 million – one of several nine-figure deals.

His department employs some 40 people.

In 2017 the broker launched a Chinatown office and Asian Services desk and recently created a regular premium grade property portfolio auction event.

Mr Wizel started with CBRE 13 years ago following a fast-rising career at Colliers International working under John Marasco, its Victorian chief executive officer, also a high-billing agent.

Six months ago he won REA Group’s commercial property Agent of the Year.

The executive said it was with “a heavy heart” his time with the agency ended.

“The company insisted on imposing unacceptable changes to my employment and despite my best efforts they refused to budge,” he added.

CBRE said Mr Wizel left to pursue other opportunities and acknowledged and thanked him for his time with the business.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco