Experienced industrial sales and leasing broker Rory Donovan has joined the award-winning Colliers Highbrook office.
Having worked in brokerage for six years with an initial focus on Onehunga, Penrose, and Mount Wellington, his network and relationships now span across the wider Auckland region.
Donovan says having the opportunity to join a high-performing team is an appealing prospect.
“I moved to Colliers because I saw great potential in my career growth by working alongside the long-standing brokers they have at the Highbrook office,” Donovan says.
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“With several brokers having worked for Colliers for 15-20 years, this type of longevity is rare to see and it shows me there is a great work culture. I know this type of work environment will be beneficial for me as I continue to grow my skill set.”
Greg Goldfinch, national director of industrial at Colliers, recently marked 20 years with the business, while the likes of Brad Johnston, Paul Jarvie, Hamish West and Todd Kuzmich have worked for Colliers for more than 15 years.
The Highbrook office has established themselves as one of the top-performing teams in Colliers and has been named the REINZ Medium Commercial & Industrial Office of the Year for nine of the past 10 years.
They have a strong market share in the industrial sector across the Auckland region and have brokered some of the biggest transactions in the city during the past decade.
Goldfinch says Donovan came highly recommended to him by people in the industry that he respects.
“It’s incredibly exciting to welcome Rory into our team and most importantly I am really confident he will be an excellent fit given his grounded nature and strong work ethic,” Goldfinch says.
“We are looking forward to watching his career develop within our team and believe he has all the tools to be successful at Colliers.”
Looking at the industrial property market, Goldfinch says leasing activity has been strong in the early stages of 2024, partly because some firms are optimising their footprint and subleasing surplus space.
“During the height of the Covid-19 pandemic, many businesses expanded their holdings. But through recent supply chain enhancements and companies carrying lower stock levels due to economic conditions there is softening demand to retain excess floorspace.
“This presents a range of options in the market for organisations looking to acquire space on either short or long-term agreements that may allow them to plug and play and begin operations quickly.”
From a sales perspective, stabilising capital costs and the increasing availability of high-quality stock could lead to improved transaction volumes as we move towards the second half of the year.
“It now seems likely we have hit the top of the interest rate cycle and while no immediate reductions appear imminent, there is much more clarity regarding the cost of capital for investors.”
- Supplied by Colliers
