RPM Real Estate Group, Melbourne’s leading full-service sales, marketing and advisory agency servicing the residential development industry, has appointed former CBRE development site sales head Ed Wright.
Mr Wright brings stellar experience across the property investment and development sector to RPM. He progressed through the ranks at CBRE during his eight years with the agency, starting as an analyst in Adelaide before being promoted to senior manager and then associate director overseeing the Victorian development site sales team, transacting more than $2.2 billion.
For the last two years as head of development site sales in Victoria, Mr Wright focused on sales and marketing of inner and mid ring commercial, retail and freestanding infill development sites.
RPM head of transactions and advisory, Christian Ranieri, said Mr Wright’s appointment reflects RPM’s emerging status in the transaction space.
“Ed is an intelligent and sharp operator with expertise across multiple asset classes,” Ranieri said.
"He brings a depth of experience in structuring deals of sophistication and scale which, increasingly, is the type of transaction we manage.
As developers – particularly international clients – diversify their property investments, Ed’s ability to nurture large scale, complex transactions from start to finish is a highly valued capability we’re continuing to build."
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Mr Wright said he was looking forward to aggressively growing RPM’s market position in the infill space.
“It’s an exciting time to join a business in rapid growth mode. I feel I’ve got a lot to offer in terms of not just brokering the sale of significant assets, but building and nurturing the exciting young talent that RPM has attracted.
“Culturally it’s also a great fit. RPM’s focus on providing outstanding service and strategic advisory to clients is genuinely impressive. Their research capability is market-leading, and I’m looking forward to optimising this capability to add value to RPM clients.
“The market is definitely changing,” Mr Wright said.
“Transactions are getting more sophisticated in terms of deal structures and international capital flows. End buyers are choosier, especially owner-occupiers, and developers need to ensure they’ve got capacity and expertise to deliver the right type of product for the marketplace.
“My ability to seek out the best buyers in the market, combined with the knowledge and talent at our disposal, provides an exciting platform to capitalise on the significant opportunities the business is generating.
Mr Wright has won numerous internal awards at CBRE including the Million Dollar Club
for the last three years running, and winner of the best development site marketing campaign in 2014 and 2016.
Mr Wright has a Bachelor of Business (Property) from the University of South Australia. He is a licensed agent’s representative, a registered land sales representative, and a member of the REIV and Young Property Professionals (South Australia and Victoria).
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