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The independent Sydney real estate group has named its newest chief executive from within its own ranks.
Thomas McGlynn, who has served as the network’s head of sales and chief auctioneer since 2020, will be taking up the reins from group founder and agent Shannan Whitney – who will remain as head of BresicWhitney’s transactional roster.
According to Mr Whitney, Mr McGlynn’s appointment “signals a new chapter in our strategic growth that will build upon our success over the last 18 months”.
Expressing how he is “more excited than ever about the future of Sydney real estate”, Mr Whitney outlined that the new structure would “better harness the energy of our people and better engage the new wave of agents in our business and those we are looking to partner with in the future”.
It’s a sentiment with which the incoming CEO agrees.
From Mr McGlynn’s position, the group is “entering a new chapter for BresicWhitney, further developing our growth plans for the Sydney marketplace and providing an environment where our people will thrive and progress”.
In the statement announcing Mr McGlynn’s appointment as CEO, it was noted as the first time the CEO role has been filled outside of BresicWhitney’s founders, which has been considered as “a sign the brand has progressed in its management outlook”.
According to Mr McGlynn, the new foundation it’s established will enable the business to “create a platform that will strategically grow their operation over the next five to 10 years”.
“Our brand has a reputation for transforming the industry and changes like this are testament to our ongoing commitment to that,” the new CEO considered.
The changing of the guard comes at a time when the group is touting “the largest amount of active listings to start a calendar year in the company’s history”.
That achievement comes off the back of BresicWhitney’s “most successful year to date” – hitting more than $2.6 billion worth of transactions – and achieving a 62 per cent year-on-year increase in sales.
In 2022, Mr McGlynn expects this figure to edge towards $3 billion.
With open home attendances up more than 15 per cent compared to the back end of 2021 and a “significant uplift in both buyers and tenants” as people return to the city after spending time in the regions, the new CEO expects both an increase in sales volume and a stabilisation of prices in the first half of the calendar year across Sydney city.
ABOUT THE AUTHOR
Grace Ormsby
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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