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The newest addition to the McGees group of directors will bring a specialised skill set to the Adelaide outpost in its 40th anniversary year.
McGees Property Adelaide has appointed commercial real estate professional Andrew Wilson to the role of equity director.
Wilson, who graduated from the University of South Australia with a Bachelor of Business (Property) degree at the end of 2016, first began working as a commercial property management assistant and did leasing prior to landing a full-time position with McGees in 2018.
While he initially focused on office and retail leasing, McGees said Wilson’s entry into sales coincided with the industrial market’s surge in growth, driving him to specialise in industrial sales and the sourcing of development sites for clients to build industrial projects.
Over the past 18 months, Wilson was detailed to have negotiated a series of key Adelaide industrial market deals that have included a “$25.5 million sale at Pennington, of $10.6 million in Camden Park, and sales of circa $10 million and $7.5 million in Port Adelaide”.
Speaking on his new position, Wilson expressed that it was “highly appreciated to be recognised and promoted to an equity partner, especially at the relatively young age of 31”.
“It’s still sinking in. I’m still going about my days generating business, adding value to existing clients and doing deals, while juggling an 11-month old child with my wife!” said Wilson.
“I see this as a great opportunity to try and help some of the more junior operatives in the office, and I look forward to playing my part in the continued growth of McGees both locally and nationally.”
The new appointee highlighted that Adelaide’s commercial real estate market has witnessed greater interest from buyers around Australia as a result of the city’s “investment value, strong economy, major infrastructure projects, and commercial real estate stamp duty exemptions”.
Wilson also shared that the industrial sector continued to be a “standout performer” in Adelaide’s market.
“Speculation suggests that site value and rental growth might have capped out, however, we’re continuing to see sales and rents pushing limits and surprise us,” he voiced.
“There’s significant pent-up demand for the right type of assets, namely those located relatively close to the CBD, and with good heavy vehicle access, existing quality improvements, and that are land rich.”
Commenting on Wilson’s appointment, McGees Adelaide managing director, Simon Lambert, said: “We recognise he is only going to grow in this organisation.”
“Andrew has made a great contribution financially and has brought a fantastic energy to the team,” stated Lambert.
With Wilson now joining eight other directors in the McGees director group, this promotion follows the recent recruitment of industry veterans Theo Kaldis as senior commercial property manager, and Boyd Octoman as senior executive - sales leasing.
“Our team and its capabilities continue to evolve with key appointments made in this 40th anniversary year that reflect our intimate knowledge of Adelaide’s real estate sector, and ensure we have a growing leadership team heading into the future,” Lambert concluded.
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