Andrew Tracey is the latest commercial agent to establish his own firm after more than two decades dealing with sophisticated clients at two major brokers.
Mr Tracey’s Actum Property opened on August 1.
The launch comes seven months after Mr Tracey ended up with CBRE where he was executive managing director – Advisory and Transaction Services – Office Leasing.
During his six year stint with CBRE, Mr Tracey was also that company’s senior managing director – Pacific Advisory & Transaction Services – Office.
Between May, 1997, and April, 2013, the agent was Colliers International’s national director – Office Leasing.
Mr Tracey described himself on his LinkedIn profile since February this year as being “on gardening leave” – the term used to describe a period the last employer’s contract specifies they must ‘sit out’ after any termination.
According to Actum Property’s website, key services offered include strategies for project leasing, asset revitalisation, re-positioning and future proofing, tenant retention and renegotiating.
Leasing project management and execution, transaction management and general advice, including for project maximisation, can also be provided.
“After many years leading Office Leasing and Occupier businesses at CBRE and Colliers International, I decided earlier this year that it was time for a real change in the way I did things and I am pleased to announce my new venture, Actum Property,” Mr Tracey said.
Actum is a latin noun for act, deed or transaction.
“I created Actum Property to allow me to provide tailored advice to clients in a far more personal environment…concentrating on great projects and getting the best outcomes for the clients.
“My focus is on being alongside the client and being aligned to meeting their needs with a strong commitment to collaboration, relationships, confidentiality and ethics”.
Several other agents have opened ‘boutique’ agencies of their own after long stints in senior roles at some of the “big four” commercial brokers (CBRE, Colliers, Knight Frank, JLL).
Amongst them are Marcus Quinn and Lincoln Reynolds whose Cremorne based Quinn Reynolds follows both of them finishing up as JLL directors earlier this year.
Dawkins Occhiuto’s office is also in Cremorne. This company was established after Walter Occhiuto and Andrew Dawkins quit CBRE a few years ago. Mr Dawkins was chief executive of CBRE’s now closed South Yarra office.
Jones Real Estate is a Melbourne-based commercial agency established in February. It is directed by Paul Jones, a Colliers International senior director between 2011 and 2015, who moved to Savills – the commercial agency often touted as Australia’s fifth biggest.
In June we reported that agent Nic Cuni closed the Est8 Agency brand he started in 2016 following a short career with CBRE.
Mr Cuni’s project apartment marketing business – including three staff – became part of the Colliers International Melbourne business in July.