Tapping into unrealised potential, The Agency Group has revealed that it will be launching a national commercial division, with a former Ray White Commercial CEO at the helm.
Mark Williams will be tasked with building out The Agency Commercial arm, which, according to a statement, would “enable the company to capture the remaining 20 per cent of the addressable real estate market across non-residential sales and management”.
The Agency CEO Matt Lahood said the demand to provide a far-reaching national service “has been significant”.
“This enables us to broaden our reach into the untapped multibillion-dollar, non-residential markets,” he explained.
“We needed to find the right commercial leadership team, and I am thrilled Mark Williams, the former CEO of Ray White Commercial and director of Greater China and Asia for Ray White, has joined the team. Mark will be turbocharging our national commercial division as we accelerate to become one of Australia’s largest integrated and premium full-service real estate companies.”
Mr Williams brings more than 30 years of real estate experience to the new vertical.
As CEO and founder of Ray White’s commercial division, he was able to build a network of more than 50 commercial businesses across Australia, Asia and New Zealand, and also held the role of director of Greater China and Asia for the group’s Asia operations.
Commenting on his new leadership role with The Agency, Mr Williams said that given his background, he could see “how The Agency business model would work in a commercial real estate context”.
“The potential to take The Agency approach to the commercial space is very exciting.”
The Agency’s executive chairman and COO, Andrew Jensen, has previously worked alongside Mr Williams, and said getting someone of his calibre and experience to drive the group’s expansion “demonstrates The Agency holds a huge opportunity in the commercial space”.
“Our model is a unique fit for commercial and industrial real estate, and I believe the overall sector does not get enough attention – we want to change that,” Mr Jensen concluded.
ABOUT THE AUTHOR
Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.
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