This article is from the Australian Property Journal archive
CB Richard Ellis has further imprinted its position in Queensland with the takeover of Brisbane-based Corporate Property Ltd.
Corporate Property was established in 2001 by Angus Harvey Ross, and is regarded as the leading independent corporate services business in Brisbane. It employs 10 people and operates from offices directly across from CBRE’s Brisbane headquarters.
Corporate Property has acted for some of the largest occupiers in Queensland and in recent times, has assisted Virgin Blue in the purchase of new corporate headquarters and Energex in the lease of new 6-star rated premises in Brisbane.
Ross said a key attraction for Corporate Property was the access to CBRE’s broader client base, state-of-the-art systems and processes and world-class research derived from being part of the global market leader in commercial property services.
CBRE’s Australia & New Zealand president and chief executive Tom Southern said the acquisition complements last year’s purchase of GVA Grimley/Swale Hynes – a move which created a 75-employee business that is the premier provider of commercial real estate services for corporations in the Pacific Region.
“Acquiring Corporate Property further enhances our national coverage and gives CB Richard Ellis a strong foothold in the second largest market in Australia,” Southern said.
The offices will be maintained in a similar fashion to the separately located CBRE Global Corporate Services offices in Sydney, Melbourne and Perth in order to ensure the group’s ongoing operational independence.
Australian Property Journal
