Login
iscover
Burgess Rawson Western Australia managing director, Chris Wiese, has responded to a recent statement from CBRE, clarifying that the acquisition did not impact Burgess Rawson WA or ACT.
In his statement, Wiese clarified that the Western Australian arm is independently owned, and that CBRE’s deal pertains only to select east coast operations – not the entirety of the Burgess Rawson brand.
The clarification came as global real estate giant CBRE released a statement claiming that it has entered into a definitive agreement to acquire Burgess Rawson, one of Australia’s best-known commercial property agencies, in a deal expected to close next month.
“In response to public statements regarding the acquisition of Burgess Rawson by CBRE, we wish to clarify the position of Burgess Rawson Western Australia (WA),” Wiese said.
“Burgess Rawson WA is, and will remain, an independent, 100 per cent locally owned and operated business. The CBRE acquisition relates solely to the majority of the eastern states operations of Burgess Rawson and has no impact whatsoever on the ownership, management, or operations of Burgess Rawson WA or Burgess Rawson ACT.”
CBRE claimed that the acquisition would bolster CBRE’s Metropolitan Investments business, a division focused on commercial assets and development sites valued up to $35 million.
The real estate giant hopes that the move will enhance its ability to serve a growing client base that includes high-net-worth individuals, developers, REITs, syndicators, family offices, and owner-operators.
Wiese used the opportunity to clarify that the entity will continue to support their client base.
“We are proud of our 40-plus year history in Western Australia, built on trusted local relationships and deep market knowledge. Our clients can be assured that we will continue to deliver the same high levels of personalised service and independent advice they have always valued, under the leadership of our local team,” Wiese continued.
“Burgess Rawson WA remains committed to supporting Western Australian property owners, investors, and tenants with market-leading sales, leasing, valuation, and property management services. We look forward to continuing to serve our clients and partners in the years ahead – as a fully independent Western Australian business.”
You are not authorised to post comments.
Comments will undergo moderation before they get published.