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Mr Bate will assume the role of National Director – Retail, joining Australia’s largest retail services team of its kind, comprising 54 specialists in Leasing, Investment Services, Valuation & Advisory & Shopping Centre Management.
Mr Bate holds more than two decades experience in the retail sector, having previously held senior management positions at Stockland, Lend Lease (Retail) & Jones Lang LaSalle’s shopping centre division.
John Kenny, Colliers International Chief Executive – Australia, said an extensive search across the industry was undertaken & he is pleased to be in a position to welcome Mr Bate to the team.
“Michael brings extraordinary expertise & industry contacts & he will be a great cultural fit for our business,” he said.
Mr Bate is the third prominent industry executive to be attracted to the company in as many months.
Recently James Quigley & Doug Henry joined the Colliers International management team, as
National Director of Institutional Clients, CET & National Director of Corporate Solutions respectively. Their appointments highlight the business’ continued focus on relationship & knowledge-based client management as it asserts its dominant presence in the real estate market.
Mr Kenny said the trio of executives to join Colliers International in the past three months underpins its confidence in future growth & belief in appointing premium talent to accelerate its clients’ success.
“We also recognise the importance of growing our talent from within, Colliers International offers its people significant career opportunities & the ability to develop their skills & move from being successful contributors to leading teams.
This is evidenced by the recent promotion of Lachlan McGillivray as National Director to manage Retail Investment Services nationally.”
A key member of the Retail team, Mr McGillivray will relocate to Sydney from Melbourne in early 2012. He has sold in excess of $300 million of retail shopping centres around Australia this year alone including Melbourne’s Point Cook Town Centre for $176 million & Stockland Lilydale for $37 million.
In outlining his thoughts about joining Colliers International, Mr Bate said the current retail climate is challenging & the next 12 months will provide the opportunity to guide clients though the property cycle so they emerge in a strong position & ready for any future economic upswing.
“The reporting season for some of Australia’s most prominent REITs has highlighted the market’s uncertain situation & an expected tough second half of 2011,” he said.
“Consumer sentiment & confidence will be the two critical issues facing all retailers in the short term.
Quality property management coupled with lower vacancies will provide essential cash flow for most retail owners as they prepare for continuing volatility in the market.
"Colliers International’s Retail clients are well aware its standards in service excellence & capacity to provide local expertise off a strong national platform."
Mr Bate said it is one of the many reasons that attracted him to Colliers International.
* Colliers International Advertorial
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