Cushman & Wakefield lose seven agents before Christmas

A leading commercial property agency has suffered a string of resignations while two top level industrial directors from other agencies have also sought greener pastures.

A leading commercial property agency has had seven agents leave just before Christmas bringing the total to 10 who have left in less than six months.

Cushman & Wakefield, which took over Brisbane-based boutique industrial agency Wright Property just over five years ago, has had its Brisbane industrial team cut to eight while its Gold Coast office lost three staff, leaving six agents remaining.

It’s not the only Brisbane-based agency losing top level staff over the ‘silly season” with Colliers International’s national director — industrial Matthew Frazer-Ryan leaving and senior director CBRE Asia Pacific & Industrial & Logistics Ed Bull electing to stand down.

Ex Cushman & Wakefield director Michael Callow and CBRE boss Ed Bull.

Managing director of Cushman & Wakefield’s Brisbane and Gold Coast offices Jonathan O’Brien said the departures from his agency were amicable.

“All of the departing team members left on good terms, and we have already transitioned all related client work among the relevant team members,” he said.

The Cushman & Wakefield exodus started in September when national industrial director Michael Callow left. He will launch a boutique industrial agency, CG Property, with former CBRE Queensland director — Industrial & Logistics Mark Gilbride.

Also, Joe Kennedy and Sam Callanan left Cushman & Wakefield around the same time and joined inner city agency C Property QLD.

Just before Christmas after a 17-year career with Cushman & Wakefield and Wright Property director Corey Bott left and joined global IT company Iklara Group.

At the same time his brother Clint left as did Corbin Cain while Freddie Donne has also gone, joining JLL.

Corey and Clint Bott have left Cushman & Wakefield.

Their departure left eight industrial agents at Cushman & Wakefield’s Queensland head office on the 11th floor at 123 Eagle Street.

At the agency’s Gold Coast officeJosh Wright, Dave Kertesz and Jacob Zhouhave also pulled the pin, leaving six property brokers in the Southport office.

Mr O’Brien said the departures were an opportunity for other agents to step up into senior roles.

“We are looking forward to a busy year in the Queensland industrial market with conditions expected to remain robust following a strong 2020,” he said.

Mr Matthew Frazer-Ryan was at Colliers for just over eight years and will join supply chain and industrial development consultants TM Insight.

Ex Colliers International director Matthew Frazer-Ryan.

Mr Bull was leaving CBRE after almost 18 years to pursue other ventures.

CBRE executive general manager Queensland Bruce Baker said Mr Bull has consistently been one of Queensland’s top brokers and has been “a great friend” to many of us within the business.

“He will continue to partner with CBRE and our clients over the next 12 months as he transitions into the next stage of his career,” he said.