Colliers has appointed a state chief executive to lead the network’s first company-owned business in Western Australia.
Richard Cash comes to the role with familiarity with the Colliers brand, having worked as part of the company’s franchise business from 2005 to 2008. He has spent the past 11 years at CBRE focusing on retail property management.
Colliers parted ways with its long-time franchise affiliate in Perth at the end of 2021. Two valuations experts from that outfit, Dean Johnston and Zane Gil, have joined the brand’s new venture. They will work alongside office leasing expert Jemma Hutchinson and real estate management leader Malcolm Reed.
Malcom Tyson, Colliers’ chief executive of Australia, said Mr Cash’s experience coupled with his local knowledge made him a perfect choice for the role.
“Richard joins the new Colliers operation with 20 years’ experience in the Perth property industry across several major agencies and corporates,” Mr Tyson 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.”
Mr Tyson added that Colliers was thrilled to have lured the industry veteran back to the brand.
“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,” he said.
On his part, Mr Cash said he was focused on the next steps for the business and building a strong group of experts to propel its growth.
“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.”
He noted that the current state of Western Australia’s commercial market presented an excellent opportunity for the business to increase its presence in the state.
“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,” he noted.
“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 reopen and offshore buyers return.”
ABOUT THE AUTHOR
Based in Sydney, Juliet Helmke has a broad range of reporting and editorial experience across the areas of business, technology, entertainment and the arts. She was formerly Senior Editor at The New York Observer.