Two Western Sydney industrial sales agents have made the leap to another brand, as the commercial hotspot garners new interest.
Former directors with JLL Parramatta, Matthew Keeping and Ryan Jennings, have made the move to LJ Hooker Commercial’s Bankstown office, where they are also taking up director roles.
The pair will be teaming up with current LJ Hooker Commercial directors Jon Orsborn, Paul Byrne and Tim Byrne.
The expansion of the LJ Hooker business comes at a time where Western Sydney is “primed” for a big year of interest from business owners, tenants and investors, according to Mr Orsborn.
Weighing in on the appointments, he said: “Matthew and Ryan are both consummate industrial property specialists who have a wealth of experience in Sydney’s west.
“Their connections and market knowledge will open up future opportunities for LJ Hooker Commercial Bankstown’s clients at a time when the area is undergoing rejuvenation.”
LJ Hooker has touted a number of major deals in the area that are attributable to the new recruits, including industrial properties across Smithfield, Wetherill Park and Riverwood.
Also welcoming Mr Keeping and Mr Jennings to the brand was LJ Hooker Commercial managing director Mathew Tiller.
He said: “Matthew and Ryan join a growing group of commercial specialists who recognise the flexibility LJ Hooker Commercial offers.
“The opportunity to list, sell and lease across the spectrum of commercial property offers flexibility and fast-tracked growth for quality agents.”
According to a statement from LJ Hooker, both public and private investment in infrastructure through the area is underpinning interest in the area — from projects including the Westconnex, Moorebank Intermodal, future Bankstown Airport Business Park and M5 upgrade.
Mr Orsborn said: “There’s been a migration from the city fringe following the rezoning of many suburbs for residential, and that’s brought a lot of business owners and tenants out this way.
“The Western Sydney industrial sector actually recorded renewed interest throughout COVID-19, and even as government stimulus measures and policies have been wound back, we’ve seen very little drop off in activity.”
LJ Hooker has flagged that industrial yields across the central west sector are sitting at around 5.2 per cent.
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