Mark Wizel gone from CBRE Melbourne

Mark Wizel gone from CBRE Melbourne
Mark Wizel gone from CBRE Melbourne

Estate agent Mark Wizel has departed CBRE Melbourne.

The departure was mooted ever since the commercial property estate agency poached Sydney agent Simon Rooney from competitor JLL in mid-2019.

Wizel’s Melbourne team was told to focus on smaller shopping centres and offices priced below $75 million, leaving the big listings to Rooney.

“It is with a heavy heart that I confirm my employment with CBRE is at an end,” he told The Age.

“The company insisted on imposing unacceptable changes to my employment and despite my best efforts they refused to budge.”
 
His most recent reported sale was a $20 million Frankston office.
 
Wizel recently advised his office had completed 15 sales post-civid totalling just under $190 million.
 
"At present it seems as if the pricing has held up but volume has dropped," the always opinionated Mark Wizel advised on linked after an AFR article appeared saying shopping centre and hotel prices were most at risk of price discounts. One reader unfairly suggested added the article "read like a Sam Tamblyn sponsored post." Tamblyn's firm urban Property Australia carries out more than 3000 commercial and residential valuations a year.
 
Property Observer reported in September 2019 that CBRE's hiring of one of the country’s top-billing agents, Simon Rooney had caused turmoil in its Melbourne office.

CBRE had reportedly drafted rules that ensured Rooney got the trophy listings priced at more than $75 million in any of its state offices.

Rooney started at CBRE on August 1, 2019 after offers from rival groups, including Cushman & Wakefield, becoming executive managing director, retail investments at CBRE.

Wizel's title had been CBRE's National Director of Retail Investments.

Wizel (top) claims to be "a household name" in his as yet unchanged linked profile.

He started with CBRE 13 years ago when he joined from Colliers.

 

Tags: 
CBRE Mark Wizel

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