South Australia leadership transition

Adelaide, 24 November 2014 – CBRE has appointed Alistair Laycock as the new Managing Director of the firm’s South Australian business.

In tandem, long standing MD Phil Rundle has moved into a new, client focused role as Senior Director – Capital Markets, Institutional Properties.

CBRE President & CEO, Australia & New Zealand, Tom Southern said Mr Rundle had been an exceptional leader, driving the significant growth and success of the firm’s South Australian business over the past 10 years.

“Succession planning has always been a key priority for our business and we remain focused on ensuring that we progress our future leaders. There are also occasions such as this, whereby highly valued members of our leadership team wish to remain in the business but at the same time shift course and assume new roles and responsibilities,” Mr Southern said.

“Phil is very much of the view that after a decade at the helm, it is time for a new leader to bring fresh ideas into the business. This will also allow him to focus increased attention on new business development to further strengthen our position in South Australia, drawing on his 30 years of property market experience.”

Alistair Laycock joined CBRE’s South Australian business in 2003 as Associate Director of Metropolitan Investment Properties and was promoted to a Director role the following year. He has over 18 years of property experience and has been responsible for significant transactions such as the $73m sale of the Hollywood Plaza Shopping Centre and the combined $73.75m sale of City Central Tower 2 and 121 King William Street.

“Alistair has exceptional client relationships, an extremely successful track record in the Capital Markets arena and proven leadership skills,” Mr Southern said.

“He was the ideal candidate to assume the Managing Director role and oversee the continued growth and strong performance of our South Australian business.”