This article is from the Australian Property Journal archive
SAVILLS has completed its acquisition of the largest privately owned Brisbane-based retail property agency in Queensland, Site8.
In acquiring the agency, Savills will expand into retail centre management, offering a full spectrum of management services and integrating some of Brisbane’s best, industry-leading centre management experts into the Australian and New Zealand business.
Site8 was founded by Peter Kneipp in 2008 and over the last 15 years has managed best-known supermarket-based shopping centres throughout Queensland and northern New South Wales.
“For more than a decade Site8, under Peter’s management, has had a reputation for being one of Queensland’s best retail management agencies,” said Paul Craig, CEO at Savills Australia and New Zealand.
“Integrating its enviable client portfolio and team expertise into our business is in line with our strategy to further strengthen our already extensive retail capabilities throughout Australia and the region, take a larger share of and expand our offering in, the Queensland retail management sector.
“I look forward to welcoming Peter and his team to the Savills Australia and New Zealand business in coming weeks.”
Kneipp, founder and former director of Site8, will now take on the role of national director of retail management at Savills.
“I’m delighted to partner with Paul and the Savills Australia and New Zealand senior leadership team as we announce the acquisition today,” said Kneipp.
“Entering this strategic partnership with and becoming part of a globally connected brand like Savills Australia and New Zealand enables us, together, to enhance our offering and deliver even greater value to our clients, and the centres we manage in collaboration with them.”
Site8’s team of 14 staff will join Savills in Brisbane from 14 August.
“The addition of Peter and his team to the Brisbane office serves to bolster our already strong retail management capability in the market,” added Anthony Ott, state managing director – Queensland, at Savills.
