Experienced local real estate heavyweights join forces to launch Colliers’ first company-owned Western Australia business
Colliers has announced the appointment of respected Perth property professional Richard Cash to lead its new best-in-class team in Western Australia.
An experienced local property industry figure, Mr Cash has been appointed State Chief Executive for Colliers’ first company-owned office in WA. Richard re-joins Colliers having worked as part of the former franchise business from 2005 – 2008. He has spent the last 11 years at CBRE.
Mr Cash will be joined by local valuations experts Dean Johnston and Zane Gil; office leasing expert Jemma Hutchinson; and real estate management leader Malcom Reed, based at the company’s new premises at 240 St Georges Terrace.
Mr Johnston and Mr Gil join the new Colliers business from the company’s former franchise operation and collectively bring more than 25 years experience, recognised and respected locally as industry leaders in complex valuation and strategic advisory across the WA market.
Ms Hutchinson joins Colliers from Primewest, where she was National Leasing Manager - Commercial for the last four and a half years. Prior to this, she was General Manager at The Regus Group and a committee member and deputy chair with the Property Council in WA.
Mr Reed, an expert Regional Retail Asset Manager and Commercial General Manager, has been appointed to lead the local Real Estate Management Services team.
“Richard joins the new Colliers operation with 20 years’ experience in the Perth property industry across several major agencies and corporates,” Malcom Tyson, Colliers Chief Executive Officer for Australia, said. “He is respected by his clients and peers alike, is an expert in the Perth property market and will maximise local opportunities across the national and Asia-Pacific landscape.
“Richard recognised that in joining Colliers, there was a rare opportunity to start a fresh, future-focused business offering and assemble a best-in-class team of local experts who can leverage our global brand and platform. His high energy and enthusiasm makes Richard a perfect fit for our enterprising culture and we are thrilled to welcome him back to Colliers.”
Colliers has invested in building a market-leading presence across Western Australia by launching a new company-owned operation in Perth to complement its existing market-leading operations across Australia. Colliers chose not to renew its brand license with its existing affiliate in Perth at the end of 2021.
The Perth business will operate as part of Colliers’ highly successful national service line structure, ensuring its experts are contributing to and benefiting from national and international best practice.
“Colliers’ new Perth office has commenced the recruitment of industry leading local experts to deliver services across all asset classes,” Mr Cash said. “We are looking forward to making some key announcements early in the coming weeks.
“The future growth opportunity of the Perth market is endless. WA’s status as one of the least-disrupted markets in the world had seen its popularity increase considerably over the last two years.
“WA has become a go-to destination for commercial investment among the region’s biggest players. Major east coast investors are heading West because they see value and opportunity, and there is more opportunity still to be unlocked as borders re-open and offshore buyers return.
“It is a very exciting time for the commercial property market in WA and I am proud to be part of Colliers’ investment in this great state.”
Mr Cash and his team will hit the ground running in 2022, having already been appointed by Primewest to manage Northgate Shopping Centre in Geraldton. It follows Colliers’ fully owned operation completion of some of the biggest deals in the WA market in 2021, including:
- 140 St Georges Terrace sold to Primewest and BlackRock for $262million on behalf of AMP Capital;
- The $195million sale of The Square Mirrabooka to Fawkner Property; and
- The sale of WA’s well known Brownes Dairy facility to Charter Hall for $63.5million.