Skip to main content Skip to footer

Case Study Valuation & Advisory: 50 & 60 Carrington Street, Sydney and 32 Walker Street, North Sydney

50CarringtonStreet Hero


Our Valuation & Advisory Services office experts worked closely with our client EG Funds Management to conduct valuations on three office assets in Sydney CBD and North Sydney.

As part of their strategy to acquire the office portfolio from Swiss RE, our client EG Funds Management instructed the team to conduct valuations for acquisition and first mortgage security purposes.

Given the nature of this engagement, the team had to respond to strict time constraints and commercial sensitivities by the stipulated due date.


Our strategy was to assign the right expert to value each asset so that we could exceed the client’s expectations and deliver enduring results. Our geographic spread and local market knowledge meant that we could deliver informed and timely advice.

As part of our valuation services, we were required to deal in person with multiple parties assisting in the facilitation of sensitive and orderly contract negotiations.

We were focused on delivering accurate information within the specified timeframe.


We supported EG Funds Management in the acquisition process and delivered our valuation services within the allocated time period.

Related Experts

Jonathan Petsalis

Head of Office | Valuation & Advisory Services


Jonathan has over 16 years’ experience in the property industry being focused on the provision of valuation and professional advice in relation to institutional grade office assets within the Sydney CBD, in addition to both residential and commercial developments. In additional Jonathan has played a significant role in the development and controlling the subsequent roll out of the CIVAS Discounted Cash Flow model to all Australian offices and throughout Asia. He leads the national Valuation & Advisory Services Office team across Australia and has recently worked on the following prominent valuations:

  • Tower 2, International Towers Sydney;
  • International House, International Towers Sydney;
  • 25 Martin Place, Sydney;
  • 1 Farrer Place, Sydney;
  • 126 Phillip Street, Sydney;
  • Darling Park & Cockle Bay Wharf, 201 Sussex Street;
  • Macquarie Bank Building, 1 Shelley Street;
  • Ernst & young Centre, 580 George Street; and
  • King Street Wharf Retail Precinct.
View expert

Joe Bolster

Director In Charge | Sydney North

Sydney North

Joe specialises in the valuation of institutional grade properties across the Sydney metropolitan office markets. The types of advice typically undertaken include valuation advice for acquisitions, financial reporting and loan security purposes.

Additionally, Joe has extensive experience in real estate consultancy, project feasibility studies, land tax objections, rental consultancy for market reviews and lease renewals.


View expert

Devan Vituli



As 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.

    View expert

    Andrew Govey

    Director | Valuation & Advisory Services

    Sydney North

    Andrew joined the Colliers team in October 2014 after previously spending 3 years at Landsburys, a boutique valuation and advisory firm specialising in mixed use development projects. 

    The move to Colliers presented an exciting opportunity to further develop his craft in valuation with a focus on commercial office assets in metropolitan markets across Sydney's North Shore.  

    View expert