Eastern suburb agency launches new divisions

PPD said the project division would help home owners identify development opportunities to achieve the maximum value for their property, backed by local knowledge and insight into the eastern suburbs market.

PPD founder Jason Pantzer said the decision to expand into the project space followed the sale of a row of houses and an apartment block as a development site in Rose Bay, which transacted for more than $70 million.

“We had managed a couple of development sites, and now those developers have engaged us to work through their designs with the view that we would be helping them with resales in the future,” Pantzer told REB.

“We knew that there was an opportunity based on the legislative changes, and we pounced on that opportunity in the Eastern Suburbs.”

In addition to PPD Projects, the launch of the agency’s commercial arm aims to bring its residential expertise into a new class of assets.

Pantzer said the expansion was more than just a division launch, marking an evolution of PPD as it adapts to the changing tides of Sydney’s eastern suburbs property market.

“These are natural extensions of the strong relationships, results, and trust we’ve built in the eastern suburbs over many years,” he said.

“We felt that our clients who have diversified portfolios had a need to be able to talk to us about their needs, which in turn led to the creation of PPD Commercial.”

Following the launch of the two new divisions, Pantzer said the agency could offer clients services across residential, commercial, development, and mortgage broking.

“We’ve now got the full suite of services we can provide our clients,” he concluded.