Continued Agribusiness expansion for JLL in Australia
The firm expands into another asset class of major rural property sales, predominantly beef cattle, across Queensland, NT and WA
Global property services firm JLL has expanded its Agribusiness services platform to now include the asset class of rural property sales. The expansion increases JLL’s rural specialisation to include both valuations and transactions and increases the geographical reach.
JLL has appointed two senior transactional specialists to its rural business, based in Brisbane. Geoff Warriner and Chris Holgar are joining JLL from CBRE where they have a combined 15 years' experience in transacting rural property across Northern Australia.
JLL’s Managing Director, Advisory and Consulting Services, John Talbot said, “Geoff and Chris are industry leaders when it comes to the sale of major rural properties, predominantly beef cattle, in central and northern Queensland, the Northern Territory and across to the Kimberley in WA.
“Jointly they have transacted in excess of $300 million worth of rural property in the last three years including the Iffley / Deverill / Twenty Mile Portfolio (Central Queensland), Legune Station (Northern Territory) and Wollogorang Station (Queensland/Northern Territory).
“The addition of Geoff and Chris marks JLL's first foray into the rural transactional space following the establishment of a national rural valuation capability about twelve months ago, when we recruited an Adelaide based agribusiness valuation team, led by Will Gurry, who is currently JLL’s National Head of Agribusiness Valuations.
“In a short space of time JLL has established a sizeable presence in rural valuations across South-Eastern Australia with a presence in NSW, Vic, SA and Tas and we have now expanded into rural property sales across Northern Australia from our Brisbane offices.
“We now have a team of over 10 rural valuers across Australia and have just recruited leading valuer, Peter Honnef based in Townsville to work with clients in the north.
"We are delighted to be welcoming leading agents of the calibre of Geoff, Chris and Peter to JLL and we are confident they will be a big part of our future success and growth aspirations for JLL's Agribusiness strategy," said Mr Talbot.
Mr Talbot said JLL was well placed to continue its rural expansion as the needs of the sector were changing in response to industry consolidation, greater institutional capital moving into the sector and increased volumes of global capital becoming attracted to Australian Agribusiness.
"Many of these global players are existing clients of JLL and our foray into this new asset class for us reflects our long tradition of actively supporting our clients as they enter new markets and geographies," said Mr Talbot.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com