Mark Wizel

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<p>Estate agent Mark Wizel has departed CBRE Melbourne.</p>

<p>The departure was mooted ever since the commercial property estate agency poached Sydney agent Simon Rooney from competitor JLL in mid-2019.</p>

<p>Wizel’s Melbourne team was told to focus on smaller shopping centres and offices priced below $75 million, leaving the big listings to Rooney.</p>

<p>“It is with a heavy heart that I confirm my employment with CBRE is at an end,” he told The Age.</p>
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<div class="_1lC_G">“The company insisted on imposing unacceptable changes to my employment and despite my best efforts they refused to budge.”</div>

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<div class="_1lC_G">His most recent reported sale was <a href="https://www.urban.com.au/expert-insights/investing/113791-collective-capital-snap-up-20-million-frankston-office" target="_blank">a $20 million Frankston office</a>.</div>

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<div class="_1lC_G"><span>Wizel recently advised his office had completed 15 sales post-civid totalling just under $190 million. </span></div>

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<div class="_1lC_G"><span>"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<span> "read like a Sam Tamblyn sponsored post." Tamblyn's<span> firm Urban Property Australia carries out more than 3000 commercial and residential valuations a year.</span></span></span></div>

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<div class="_1lC_G">Property Observer reported in September 2019 that CBRE's hiring of one of the country’s top-billing agents, Simon Rooney <a href="https://www.urban.com.au/expert-insights/investing/103855-mark-wizel-and-simon-rooney-in-75-million-plus-listings-stoush" target="_blank">had caused turmoil in its Melbourne office</a>.

<p>CBRE had reportedly drafted rules that ensured Rooney got the trophy listings priced at more than $75 million in any of its state offices.</p>

<p>Rooney started at CBRE on August 1, 2019 after offers from rival groups, including Cushman &amp; Wakefield, becoming executive managing director, retail investments at CBRE.</p>

<p>Wizel's title had been CBRE's National Director of Retail Investments.</p>

<p>Wizel (top) claims to be "a household name" in his as yet unchanged linked profile.</p>

<p>He <span>started with CBRE 13 years ago when he joined from Colliers.</span></p>

<p><span class="markmys119y4c" data-markjs="true" data-ogab="" data-ogac="" data-ogsb="" data-ogsc=""> </span></p>
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j.ballantyne1990-6AQqhLzZaK

Mark Wizel gone from CBRE Melbourne

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<p>CBRE's hiring of one of the country’s top-billing agents, <span>Simon Rooney</span>, from rival JLL, has caused turmoil in its Melbourne office.</p>
<p>CBRE has reportedly drafted rules that ensures Rooney gets the trophy listings priced at more than $75 million in any of its state offices.</p>
<p>"This is apparently causing the biggest stir in Melbourne," a Nine Entertainment website has reported, in a highly unusual gossipy foray into the world of commercial property sales.</p>
<p>"The team led by indefatigable upstart <span>Mark Wizel</span> has been barred from competing for listings valued over $75 million," the article in The Age suggested.</p>
<p>The website advised "fireworks inside CBRE’s offices" had been expected ever since the CBRE announced it had secured one of the country’s top-billing agents, <span>Simon Rooney</span>, from JLL.</p>
<p>It added Rooney was unchallenged when inside JLL. </p>
<p>He started at CBRE on August 1, after offers from rival groups, including Cushman &amp; Wakefield, becoming executive managing director, retail investments at CBRE.</p>
<p>Wizel's title was <span>CBRE's National Director of Retail Investments</span>. Wizel (top) claims to be<span> "a household name" in his linked profile.</span></p>
<p><span class="markmys119y4c" data-markjs="true" data-ogac="" data-ogab="" data-ogsc="" data-ogsb="">Rooney's last listing as JLL</span><span>’s Head of Retail Investments </span><span>was being exclusively appointed on behalf of the Dexus Wholesale Property Fund (DWPF) to sell a 100% freehold interest in Beenleigh Marketplace in Brisbane.</span></p>
<p>Rooney left Jones Lang LaSalle after a 25-year stint in which he dominated the retail property sector brokering $20 billion in property deals over the past decade.</p>
<p>He was a top earner for JLL locally and ranked in its top three globally.</p>
<p>Wizel reportedly didn’t respond to calls from Nine Entertainment and a CBRE head office spokeswoman advised he was working "collaboratively" with the rest of retail team, including Wizel.</p>
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<p>As rivals the two have worked together on listings in the past including the landmark Brand Smart Premium Outlet Centre in Nunawading.</p>
<p>Meanwhile residential developer ID Land is has listed the Truganina Central Shopping Centre development site in Melbourne’s west through CBRE’s Justin Dowers, Mark Wizel and Kevin Tong.</p>
<p><span>It is being marketed as representing the first Melbourne metropolitan shopping centre site offering for 2019.</span><br><br><span>The 2.2ha master planned site is earmarked for a full-line Coles supermarket and a range of specialty shops with commercial facilities, providing a total lettable area of 7,390 sqm. </span></p>
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Mark Wizel

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