State of the market: NSW Commercial - Happenings, Solutions and Opinion

This academic essay discusses the seminar held at Commonwealth Bank of Sydney on 11 April 2018 discussing the interplay between real estate and commercial real estate, economic outlook of NSW and its impact on tenant market. The essay covers the happenings, solutions and opinion of the event. The presenters of the seminar were Graeme Ross, Dr. Alex Pham, Tim O'Connor, Scott Mosely and Teri Esra.

Academic essay
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Introduction
The paper will provide the happenings, solutions and the opinion of the event that was held at
Commonwealth Bank of Sydney on 11 April 2018.
Happenings
The event was organized at State of the market: NSW Commercial which revealed an important
role in the commercial market in Sydney. The event held on Commonwealth Bank in Sydney and
it started from 4.45 pm and ends at 6.30 pm Wednesday on 11 April 2018 (VAINIO, Airaksinen,
and NENONEN, 2014). It was a type of seminar where all the presenter represents their thought
on the commercial market in Sydney. The presenters of this event represent the interplay
between the real estate and the commercial real estate as well as the economic outlook of the
NSW and its impact on tenant market. The presenters of this event were Graeme Ross, Managing
Director and Global Head of Real Estate, Institutional Banking & Markets for the
Commonwealth Bank of Australia. All the institutional banking client relationships on the whole
real estate sector of Australia were managed by this director. Graeme was also an Executive
Director of Goldman Sachs and Head of Real Estate Investment Banking for Deutsche Bank AG
in New Zealand (Zhang, Glascock, Prombutr, and Zhou, 2018). Another presenter of the seminar
is Dr. Alex Pham, Associate Director, Research & Consulting, NSW Knight Frank.
Dr. Pham had wide knowledge of office, industrial and retail sectors as well as in alternative
asset classes like hotels, student accommodation and so on. Another presenter was Tim
O'Connor, International Director of Head of Office Leasing Australia, JLL, and member of the
Regional and Global Leasing Boards (Haynes, Nunnington, and Eccles, 2017). As the Head of
Office Services, he was responsible for the direction and management of the tenant and landlord
team of Australia. Another presenter is Scott Mosely, Fund manager of APPF Commercial Lend
Lease of Australia and he has worked as the head of the Australian Capital Transactions team in
many projects in Australia, Taiwan, Malaysia, and Singapore. The last presenter of this event
was Teri Esra, General Manager Property Design, and Delivery of the Commonwealth Bank of
Australia. The registration fees for this events are 96 dollars for the API members, 72 dollar for
the API student Members and 120 dollars for the API non-members (Api.org.au. 2018).
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Solutions/tackle
The event was mainly organized for getting a proper solution to the problem that arises on the
real estate business on the banking sector. Graeme Ross of the Commonwealth bank was
responsible for managing a good relationship with the government and major corporate clients
and also with the institutional sectors. The Bank provided transactional and working capital
banking products, debt financing and risk management solutions (Eraker, Dougherty, Smith, and
Eraker, 2015). Along with this the divisions also provided innovative technology, rich analytics
and deep commitment to the clients so that they maintain a long-lasting relationship with the
bank. He was a researcher having ten years’ experience in the Australian and international real
estate markets and for this, he can control the clients very easily. In case of real estate business
Alex had the expert in research of market property, property economics, rent and yield
forecasting and portfolio allocation and by this strategy, he can tackle the clients easily in case of
real estate business. Tim O'Connor, on the other hand, makes a new strategy of providing the
lease to the commercial real estate assets by helping the owners to optimize financial
performances and creates lasting legacies to the developers of the capital cities. As the head of
office services, he manages the tenant and the landlord team of the bank by providing them every
solution to the problem they face. Scott provides new Fund strategy and business plan which
helps the investor in getting funds for the bank for their business (Cerutti, Dagher, and
Dell'Ariccia, 2015). Scott has six years of experience in various retail projects in many countries
which help him to make a new development strategy that helps the growth of the real estate
business in the market.
Opinion
The event was held on Wednesday on 11 April 2018 from 4.45 pm to 6.30 pm on the
Commonwealth Bank in Sydney. As per my view, the event should be arranged in such a way
that the clients, as well as the students that wanted to take part in the event, can fully understand
the motive of the seminar. The different presenter of the seminar provides an idea about the real
estate business on the State of the market: NSW commercial and by this event, the clients and
student should aware of the importance of the business in the market.
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Conclusion
Hence it is concluded that the event reflected knowledge of the real estate market which helps
the client to get a brief idea about this business.
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Reference
Api.org.au. (2018). API. [online] Available at: https://www.api.org.au/ [Accessed 4 Jun. 2018].
Cerutti, E., Dagher, J. and Dell'Ariccia, G., (20150. Housing Finance and Real-Estate
Booms. Housing Finance and Real-Estate Booms: A Cross-Country Perspective, 15(12), pp.1-
35.
Eraker, D., Dougherty, A.M., Smith, E.M. and Eraker, S., REDFIN CORP, (2015). Online
marketplace for real estate transactions. U.S. Patent 9,105,061.
Haynes, B., Nunnington, N. and Eccles, T., (2017). Processes: How real estate can support
business processes, activities and work styles. In Corporate Real Estate Asset Management(pp.
95-117). Routledge.
VAINIO, T., Airaksinen, M. and NENONEN, S., (2014). Finland–R&D functions in real estate
and the construction industry. In R&D Investment and Impact in the Global Construction
Industry (pp. 136-152). Routledge.
Zhang, Y., Glascock, J.L., Prombutr, W. and Zhou, T., (2018). Can Investors Hold More Real
Estate? Evidence Form Statistical Properties of Listed REIT Versus Non-Reit Property
Companies in the US.
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