This article is from the Australian Property Journal archive
COMMERCIAL property finance brokerage Stamford Capital has expanded into Western Australia.
It marks the fifth office since its formation in 2010 and joins offices in Sydney, Melbourne, Brisbane and Adelaide.
Located at 401 Oxford Street in Mount Hawthorn, Stamford Capital Perth will be headed by high-profile WA finance broker Andrew Dilorito, who has 20 years of banking and brokerage experience and will be executive director.
Dilorito has held various roles in banking and corporate institutional banking with ANZ. In 2018, he entered finance broking and founded Aperto Finance, a boutique debt advice and brokerage business.
Dilorito will joined at the Perth office by Mark Mackenzie, associate director who holds over 14 years’ finance and banking experience, including senior roles at Westpac and PwC. He was most recently relationship executive at Bankwest and CBA.
“Our Perth office is a vote of confidence in WA’s robust commercial property market, which has proven to be resilient,” said Peter O’Connor managing director of Stamford Capital.
“We have been active in the WA market since 2020, and we see the Perth market as presenting unique opportunities that are often contrary to what is happening on our east coast.”
NAB’s most recent Commercial Property Survey, showed WA experienced the largest uptick in commercial property sentiment across Australia in in the March quarter. NAB data shows that Perth outperformed all other major capitals in residential prices with an increase of 20.58% over the past 12 months.
“The WA economy was barely impacted by the pandemic due to its relative isolation from the eastern seaboard. We are now witnessing a wave of large-scale construction activity with major infrastructure projects including Perth’s Metronet and Port Hedland set to spur further development and fuel greater economic growth,” Dilorito said.
Founded in Sydney in 2010, Stamford Capital expanded into Brisbane in 2016, followed by Adelaide in 2018 and Melbourne in 2019. During this time, it has grown from a staff of two to a national team of 40, with a transactional volume of $12.7 billion. In FY24, Stamford Capital settled over $2.5 billion in loan volume and achieved a pipeline of over $5 billion.
