Alec Thomas has joined Knight Frank’s South Sydney team as Sales and Leasing Executive – Industrial Logistics.

The appointment is one of three recently made to the strong-performing team in an expansion move designed to increase its coverage of the market.

The other appointments include:

• Alex Guilfoyle, who has joined as Senior Sales Executive – Investment Sales
• Billy Smith, a current professional athlete, who has joined as Analyst – Investment Sales

Alec, who was previously a Valuer at Acumentis, will focus specifically on strata and industrial freehold sales and leasing in South Sydney in his new role at Knight Frank.

“At present we don’t have a dedicated team member servicing this part of the market,” said Anthony Pirrottina, Knight Frank Director and Joint Head of South Sydney.

He said the South Sydney team was expanding to provide specialist coverage of more markets across the region. 

“These three new appointments bolster our already strong-performing team that was previously numbering six,” he said.

“All three bring different skillsets and past experience, which will benefit our office and the other team members, as well as our clients.

“Alex has moved to Knight Frank from Richardson and Wrench Commercial Eastern Suburbs. He joins the team working in Investment Sales in Sutherland Shire and the St George region, extending the reach of our Investment Sales team into a market we have previously not had a presence in.

“Billy joins as an analyst supporting the team, working part time when he doesn’t have commitments within his career as a professional athlete.”

Demi Carigliano, Knight Frank Director and Joint Head of South Sydney said the team was excited about welcoming the new appointments to the office as the market gets busier.

“We are starting to see a lot more activity returning to the market, with vendors adjusting price expectations to meet the market,” he said.

“The next 12 months are expected to continue to be busy, particularly as we start to reach the end of the interest rate hiking cycle. 

“Once investors start to feel that rates have peaked, we expect buyers will pile back into the market seeking to secure properties before the market moves back into a growth and recovery phase.”