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Knight Frank has expanded its Melbourne retail leasing team in a bid to capitalise on the CBD’s resurgence and growing number of global brands.
Knight Frank has announced the appointment of two veteran commercial real estate agents to support the development of its Melbourne retail leasing team.
With over 22 years in the commercial real estate industry, Michael Di Carlo comes on board the firm as director, retail leasing, joining Knight Frank partner, leasing, Gary Loo, where the duo will combine nearly 50 years of experience.
Marie Formica transitioned into a retail leasing and projects coordinator role to enhance the Melbourne leasing team’s delivery and strategic capabilities.
Both Di Carlo and Formica moved to Knight Frank following their departures from Cushman and Wakefield.
Knight Frank managing director - Victoria, Dominic Long, said the new appointments were forming a “high calibre retail team” in the Victorian capital.
“Gary Loo’s deep market knowledge, enduring client relationships and consistent delivery of outstanding results have made him a key figure in Melbourne’s retail property landscape.
“Michael is widely recognised as one of Melbourne’s most active and successful retail leasing agents, and will strengthen the retail team with his extensive industry network and a proven track record in securing high-profile CBD retail sites.
“Marie will play a pivotal role in enhancing the team’s delivery and strategic capabilities. With extensive operational and transactional expertise, Marie ensures seamless execution across projects while bringing a sharp, strategic lens to every transaction.”
Di Carlo said he will focus on delivering high-quality services to both landlords and tenants, as well as developing the retail team amid Melbourne CBD’s revival.
“Melbourne’s retail leasing market has seen a long-awaited resurgence with improved shopper traffic, higher levels of domestic and international tourists, and the introduction of many global hospitality and retail brands, particularly in the CBD.”
“We are confident that this trend will continue in the next year ahead,” Di Carlo concluded.
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