Led by Lachlan O’Keeffe and Michael Feltoe in partnership with the White Family, the new business – RWC Retail – aims to provide a dedicated team for the sale of retail property across Australia.
Originally forming their partnership under the Ray White Commercial Queensland business, O’Keeffe and Feltoe have become recognised for some of their market-leading results in the industry.
The pair set the record for the lowest yield for a Queensland supermarket with the sale of IGA Tugun, which sold on a 3.94% yield and recorded the lowest yield for a Red Rooster in Queensland with the sale of Red Rooster Nundah, which sold on a 3.81% yield.
“The retail investment landscape has witnessed an unprecedented surge in interest from individual investors in recent years,” O’Keeffe said.
“As more individuals seek to diversify their portfolios and explore alternative investment options, the need for specialised services tailored to their unique requirements becomes paramount.
“Ray White is synonymous with real estate in Australia and has many advantages in catering to the private sector, so it was an easy decision to be a part of the RWC Retail vision.”
Ray White Group Managing Director Dan White shared his excitement about the launch.
“Ray White has a long track record of success with market specialists in their respective catchments,” White said.
“With the ever-increasing number of first-time private investors entering the retail sector, we realised there was no better time to launch RWC Retail and provide a dedicated team of retail property specialists.
“The Ray White Group has a rich history in the retail sector thanks in large part to its ongoing contributions from Charlie Yankos, Bob Walsh and Glenn Jones.”
RWC Retail’s core focus will be on multi-tenanted retail/shopping centres, large format retail, freestanding retail, and retail development sites. RWC Retail is supported by analyst Regan Killian, executive assistant Marli Patel and the broader in-house corporate team.
“Many individuals are exploring retail investments for the first time and are looking for a familiar and trustworthy brand they can rely upon to help them with this journey,” Feltoe said.
“With the launch of RWC Retail, we look to place an emphasis on educating and guiding these investors through the nuances of retail property and build upon the Ray White legacy of over 120 years.
“Tapping into the most successful residential network in Australasia, and bringing high net worth individuals across to commercial, is something we look forward to exploring.”
