CBRE has further strengthened its regional agribusiness platform with the relocation of Tom Sheridan to a new, Dubbo-based role.
Mr Sheridan, who is originally from Dubbo, has over four years’ experience across the commercial real estate industry, specifically focusing on Capital Markets and Agribusiness with CBRE.
In his new role, Mr Sheridan has returned to his rural roots and become one of a network of CBRE Agribusiness professionals based in regional locations.
CBRE’s Colin Medway, who heads the firm’s NSW Team said the group now included a mix of Sydney, Canberra and locally based salespeople and valuers to service the diverse needs of CBRE’s clientele.
“We will continue to position our people in major regional centres to assist our local, corporate and institutional clients with their property needs,” Mr Medway said.
“Dubbo and its surrounds fall within a highly institutionalised market, and having someone of Tom’s capability and local knowledge is a strong, logical advancement of our service platform.”
Mr Sheridan’s relocation coincides with strong market conditions in the Central West region.
“Rural property values in the central west have strengthened across all asset types. While we don’t believe 2017 will repeat the same rate of value gain as 2016, we believe the strength in the market will hold and reflect good value for both vendors and purchasers,” Mr Sheridan said.
“We have seen consistent enquiry levels on all types of assets, from lifestyle properties such as those being sold as part of the Cobbora Holdings Company divestment to larger, higher quality farming assets.”
As for his relocation, Mr Sheridan noted; “Dubbo for me is home. My family maintain their mixed farming property in between Dubbo and Yeoval and it’s been fantastic to return to where I grew up, working for a company with such strong global credentials and expertise in the agribusiness sector.”
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The Company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website atwww.cbre.com.