Burgess Rawson consolidates $1B sales platform on east coast of Australia

Leading commercial real estate group Burgess Rawson has announced the consolidation of ownership across Australia’s eastern seaboard.

Managing Director Ingrid Filmer, who will head national operations, said the merger of the three businesses will bolster the organisation’s $1 billion sales platform.

“The investment market will benefit greatly from our national approach, especially with end-to-end services, as well as the depth of our national database, market research, analytics and commercial experience,” said Ms Filmer.  “We deliver unparalleled market expertise in investment sales, backed by the power of our national presence.”

The Sydney office will continue to be led by Darren Beehag along with newly appointed Directors, Rhys Parker and Kieran Bourke, while the Queensland office is headed by Glenn Conridge, as Director of Sales.

The initiative will see Burgess Rawson expand its sales, leasing and asset management operations throughout Australia, and the group is looking to grow its team of specialists, particularly in essential service sectors.

“We are on a path to doubling sales of our Sydney practice within three years and that means we’ll need to add new, young talent to the team,” said Mr Beehag.

“The injection of youth is critical to our goals and our new structure offers a compelling career path for the best young people in the market, ultimately with equity,” added Ms Filmer.

Burgess Rawson will continue its iconic Portfolio Auctions every six weeks in Melbourne and Sydney which attract capacity auction rooms and live online audiences of thousands of investors worldwide.

Today’s announcement follows a hugely successful start to the year for Burgess Rawson, leading the Australian freehold investment market above $1 billion with twice as many sales as the nearest competitor.

Burgess Rawson’s iconic portfolio auctions continue to generate outstanding results, selling 97 properties for a combined value of more than $370 million across three portfolio auction campaigns this year. The upcoming June auctions comprise the largest line-up of investments Burgess Rawson has ever assembled with 58 properties totalling $210 million on offer.

“Investors are highly motivated despite yields contracting across the board,” said Ms Filmer. “Our data shows that demand is outstripping supply 6:1 and based on early registrations for our auction next week, we anticipate demand to be even greater, estimating nine bidders for every property on average.”

Burgess Rawson’s broad range of clients extends from private individuals to public corporations, including Coles, Bunnings, Woolworths, Charter Hall and government agencies.  The next Portfolio Auctions will be held in Sydney on 22 June and Melbourne on 23 June where Queensland investors can also bid from an auction room at the Hilton Hotel, Brisbane.