1 July 2014, Sydney – Colliers International has announced the acquisition of McKenzie Hall, a specialised retail management and leasing business operating across the east coast.
“Building our retail property expertise has been a major focus for us over the last five years,” said John Kenny, CEO Australia and New Zealand at Colliers International. “McKenzie Hall is well-known in the industry as having one of the strongest shopping centre and large format retail management and leasing capabilities.
The McKenzie Hall team will transition to Colliers International and will continue to manage the 45 retail and large format centres they are currently involved with.
“We see the acquisition of McKenzie Hall complementing our existing retail management, capital transaction and project leasing capability,” said Mr Kenny. “It also follows previous acquisitions of specialty retail businesses in New Zealand and Western Australia.”
“We were attracted to Colliers International’s culture and existing expertise in the retail sector. By joining forces we can now provide better opportunities to both our clients and our team as we become part of a global enterprise,” said McKenzie Hall Executive Directors, Tony Draper and Dale McDermid. “Our clients will continue to be serviced by the same team, but will now have access to a broader range of services including capital transactions, valuations, consultancy, and research both nationally and overseas.”
Across Australia and New Zealand, Colliers International manages over 150 retail assets and is currently delivering more than 65 retail leasing projects over 350,000 square metres of space. During the year to date, they have transacted over $1.5 billion worth of retail asset sales in the Australia/New Zealand region.
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