Andrew Wilson made equity director
Adelaide commercial real estate market rising star Andrew Wilson has officially become an equity director in McGees Adelaide, as the agency continues to evolve throughout its 40th anniversary year.
Wilson, who specialises in the industrial market, graduated from the University of Australia with a Business (Property) degree at the end of 2016, and took up a commercial property management assistant role, moving into leasing work before securing a full-time position with McGees in 2018.
Initially focussed on office and retail leasing, Wilson became involved in sales as the industrial market began experiencing a surge in growth and made this a focus, in addition to sourcing development sites for existing clients to build out industrial projects.
In the past 18 months he has negotiated 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.
“It is certainly highly appreciated to be recognised and promoted to an equity partner, especially at the relatively young age of 31,” Wilson said.
“It’s still sinking in. I’m still going about my days generating business, adding value to existing clients and doing deals, whilst juggling an 11-month-old child with my wife!
“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.”
McGees Adelaide Managing Director, Simon Lambert, said “Andrew has made a great contribution financially and has brought a fantastic energy to the team.
“We recognise he is only going to grow in this organisation.” he said.
“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.”
Wilson joins eight other directors in the McGees director group. His promotion follows McGees’ recruitment of respected property industry veterans Theo Kaldis, as Senior Commercial Property Manager, and Boyd Octoman as Senior Executive – Sales & Leasing.
Wilson said the industrial sector continues 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.
“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.
“We’re also seeing continued demand, particularly from interstate and international groups, for new warehousing within business parks.”
He said Adelaide’s commercial real estate market is witnessing greater interest from buyers from around Australia, attracted to investment value, strong economy, major infrastructure projects, and commercial real estate stamp duty exemptions.
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