This article is from the Australian Property Journal archive
SAVILLS has poached James Girvan from Colliers’ Sydney office to relocate to Melbourne and lead the capital transactions division team.
Girvan brings 13 years’ experience in commercial property and valuations, and returns to the Savills with $3 billion worth of deals under his belt including 231 Elizabeth St for circa $350 million, 20 Hunter St for circa $200 million, and 55 Clarence St for $170 million.
The move follows the appointment of Ben Parkinson as state director of capital transactions in October 2017, and the successful sales of 50 Franklin St and 800 Collins St late last year.
“This is an extension of our strategy to grow Savills core CBD investment team nationally,” Savills national head of capital transactions Hetherington said.
“We now have a committed Capital Transactions team on the ground in Melbourne to service local and offshore investors,” he added.
Girvan said he is looking forward to “finding a home” for investors who had not been able to break into the Sydney CBD market.
“Many local and offshore groups that have missed out on core Sydney CBD opportunities are now turning their attention to core Melbourne stock.
“As the development pipeline comes to fruition in the next two years, and with the current low vacancy and potential for rental growth, Melbourne will become a pivotal point of interest for investors,” he added.
Parkinson said Girvan’s return to Savills spoke volumes about the brand.
“It is testament to the Savills ethos to attract such a high-calibre team member home to Savills,” he said. “James carries with him a tremendous network and market knowledge of Australia’s capital cities.”
Australian Property Journal
