Brisbane Commercial sweeps the pool
LJ Hooker Commercial Brisbane capped off a stellar year by being named the leading real estate group’s top performing commercial agency for Queensland and Northern Territory this month
The full-service agency took out the network’s top commercial title on the evening – the third consecutive year it has won the honour – with Managing Director Ben Armstrong accepting the accolade on the night.
Mr Armstrong said: “The infrastructure planned and underway in the South-East corner is supporting investment in the industrial and retail markets.
“Yields for sub-regional and neighbourhood shopping centres are around 6.5 and 6.7 percent, respectively, firming considerably since the GFC. There’s been activity ahead of forecasted increases in population and retail growth over the next three years.
“Industrial yields held steady over the last year but we’ll see firming of prime assets in the institutional market over the near future. At the other end of the market, we’re likely to see investors who historically focused on the apartment sector turn to strata light industrial and similar entry level opportunities while the (apartment) vacancy rate remains challenging.”
Also at the awards, the agency’s Guy Upchurch was awarded the Top Commercial and Industrial Property Manager title in recognition of his commitment to landlords across all sectors.
And newcomer Chris Stewart, also of LJ Hooker Commercial Brisbane, took home dual awards on the evening, being named the LJ Hooker network’s Rookie of the Year as well as Best New Auctioneer.
Managing Director of LJ Hooker Commercial Mathew Tiller said: “Ben and his team have an extensive track record across Brisbane, but their expertise is sought-out as far away as the Whitsundays.
“This is their third Top Commercial Office award in row, but their sixth overall. That speaks of their reputation and profile in the marketplace.
“Guy and Chris also deserve special mentions: each have had exceptional years in property management and sales and leasing, respectively.”
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