CBRE has reshaped its Victorian Industrial & Logistics leadership team with the promotion of Tom Murphy to head its Advisory & Transaction Services – Investor team.

In tandem, David Aiello has assumed the leadership of the Investor team’s South East group, with the two appointments set to further propel CBRE’s platform and client service offering.

CBRE Regional Director, Industrial & Logistics, Cameron Grier noted; “We have a clear focus on investing in our leadership to ensure we strengthen and build upon our #1 market leading position in the Victorian Industrial & Logistics market. Tom and David have the experience and values required to support our people, bring an increased focus to existing and future clients, and apply a strategic lens to our future growth ambitions.”

Mr Murphy joined the Advisory & Transaction Services – Investor team close to nine years ago and brings demonstrated leadership qualities and a strong market reputation to his new role.
 
He will be supported by a leadership team focusing on all facets of the Advisory & Transaction Services business, including Institutional, Middle Markets and Operational Excellence, as well as group leaders for Melbourne’s North, West, South East, East and Inner Industrial & Logistics markets.

The newest group leader is David Aiello, who brings 16 years of operational experience, credibility and client reach in the South East to his new role.

The appointments have been announced amid signs of shifting conditions in the Melbourne industrial market.

Mr Murphy noted, “Recent years have been characterised by record low warehousing supply, overwhelming tenant demand and strong rent growth. We’re now noticing the economic impact of tighter fiscal policy, and with this we expect market conditions to evolve and transactions to become more nuanced, favouring strong tenant covenants.”