Ben Masters

Assisting in the development and controlling the susequent roll out of the the CIVAS Discounted Cash Flow model to all Australian offices and throughout Asia.

Undertaking valuation and consultancy services on a variety of assets across the Sydney CBD which include:-

• 1 Farrer Place, Sydney;
• 126 Ohillip Street, Sydney;
• Darling Park & Cockle Bay Wharf, 201 Ssussex Street;
• Macquaire Bank Building, 1 Shelley Street;
• Ernst & young Centre, 580 George Street;
• King Street Wharf Retail Precinct;
• IMAX Theatre, Darling Harbour;

Provision of valuation and consultancy advice for Institutional grade commercial assets within the Sydney CBD for internal / statutory reporting and registered first mortgage purposes.

Key clients include Mirvac, Super Investment Management (REST), Brookfield, Charter Hall, Dexus, Lendlease, ISPT and LaSalle. 

As Associate Director, Valuation & Advisory Services, Devan forms part of the most senior and experienced commercial office valuations team in Australia predominantly working alongside Dwight Hillier, Jonathan Petsalis and Cassandra Mortimer. The team provides forensic analysis of the key value driver components encapsulated within occupier and capital market segments.

Devan has extensive experience providing the highest quality commercial property valuations and advice across the Sydney CBD and Sydney Fringe office markets. Having established himself as a trusted advisor within the commercial office sector, Devan works with institutional and private investors, financiers, developers and government entities to maximise the potential of property.

I am responsible for the oversight and management of Valuation & Advisory Services; Strategic Advisory & Healthcare & Retirement Living  businesses in Australia.  Ensuring Colliers remains best in class providers in their respective markets. 

COMPANY EXPERIENCE
Managing Director, Valuation & Advisory Services 2013 - Present
National Director, CBD Commercial Valuation, Sydney CBD Office 2006 - 2013
State Director, Consultancy and Valuation, Sydney CBD Office 2003 - 2006
Associate Director, Sydney CBD Office 2002 - 2003
Senior Valuer, Sydney CBD Office 1998 - 1999
Valuer, Sydney West Office 1995 – 1998

PROFESSIONAL ACCOMPLISHMENTS | OFFICE VALUATION & ADVISORY

Some of the more prominent clients that I regularly undertake national valuation appointments from include The GPT Group, AMP Capital Investors, DEXUS, Brookfield, and Lendlease.

Some of my more recent valuation instructions of Premium and A grade commercial office assets undertaken are as follows:-

‘Governor Phillip’ & ‘Governor Macquarie Towers’, 1 Farrer Place, Sydney
‘RBS Tower @ Aurora Place’, 88 Phillip Street, Sydney
‘Darling Park’, 201 Sussex Street, Sydney
‘Grosvenor Place’, 225 George Street, Sydney
1 Bligh Street, Sydney
120 Collins Street, Melbourne
530 Collins Street, Melbourne
8 Exhibition Street, Melbourne
‘Bourke Place’, 600 Bourke Street, Melbourne
One One One Eagle Street, Brisbane
1 William Street, Brisbane
Central Plaza I, II & III, Brisbane
‘Bankwest Tower’, 108 St Georges Terrace, Perth
‘Brookfield Place', 125 St Georges Terrace, Perth
‘Ernst & Young Centre’, 12 Mounts Bay Road, Perth

PRIOR EXPERIENCE

Prior to joining Colliers, I worked within the Research Department of the Property Council of Australia (PCA), then with a boutique firm of Valuers & Land Economists, where I was involved in the valuation of residential property predominantly for first mortgage security purposes, as well as commercial and retail rental advice.

I have been involved in the real estate industry for over 20 years and commenced my career at L.J Hooker. After graduating from a Bachelor of Property Economics Degree in 2004, I took up a position with the NSW Department of Commerce valuing a number of government owned assets across the state of NSW.

​In 2007, I joined the Colliers Hotels & Leisure Valuation team where I had the opportunity to value a wide cross section of accommodation and leisure type properties, across Australia. In March 2009, I transferred to the Colliers South Sydney team and have been involved in a cross section of commercial, industrial and residential properties, along with the opportunity to value various types of 'Going Concern' properties including hotels, budget accommodation, student accommodation, boarding houses and car parks facilities.

In 2013, I transferred to the Sydney CBD office, where my primary focus is hotels, student accommodation, backpackers and other accommodation properties.

Phil leads the National Government Property Services – Valuation and Advisory team in Australia, delivering a diverse range of services to our many Government clients, at a Federal, State/Territory and Local Government level.

With over 30 years’ experience in the Australian and New Zealand Government property sector, Phil brings an extensive, in-depth understanding of Government property, valuations, asset strategy, Government relations, risk management, quality assurance, governance and a diverse knowledge of a range of regulations and legislative frameworks.

Phil has specialist knowledge and expertise in the valuation of Government property assets for the purposes of financial reporting, Just Terms compensation, asset realisation and purchase and disposal requirements.

Additionally, Phil also provides advice to clients on strategic asset management, as well as property tax advice (including valuations for Council rating and State land tax).

Of note, Phil was the New South Wales Valuer General for 11 years until late 2014. In this role, Phil was responsible for a valuation system that provided annually in excess of $3 Billion in land tax revenue for the State government and in excess of $4 Billion in rates revenue for local government councils. Phil was responsible for many significant enhancements to the valuation system, including improved transparency of valuations and supporting information being provided to landowners. 

Since joining the Colliers Sydney CBD Valuation & Advisory Services team in 2020, I have assisted in conducting valuations of a diverse range of property sectors including commercial buildings, commercial strata and strip retail in the Sydney CBD and City Fringe markets. I am actively involved in capital valuations, rental assessments and broader property advisory services.

Prior to joining the team, Hope worked as Researcher, Strategic Advisory at Colliers and undertook market research spanning residential, commercial, industrial and government property projects.

Notable project experience at Colliers:

·         Area study for Camden Airport whereby identifying the commercial application for the surface land of private clients.

·         LAHC Matraville research for land and housing properties for BTR developments.

·         Analysed commercial development site sales and rentals for the INSW North Parramatta Project.

Outside of Colliers, I have recently graduated from the University of Technology Sydney with a Bachelor of Property Economics.

For more information about Colliers International, please visit www.colliers.com

I joined Colliers in 2021 as an Assistant Valuer in the Valuation & Advisory Services commercial office team. In this role I assist with site inspections, modelling of Premium and A grade commercial building sales and rental and sales analysis for commercial valuations including rental incentive and review structure studies.

Outside of Colliers, I am working towards completing a Bachelor of Property Economics at the University of Technology Sydney at the end of 2021.

For more information about Colliers, please visit www.colliers.com