Egan joins m3property

THE local office of Egan National Valuers, led by managing director Gavin Chapman, has announced that it will join m3property network.

The move will see the South Perth based valuer and its 19 staff leave Egan and take up the m3property branding from July 1, ending a long association with the Egan network formed after the merger of Egan National Valuers (WA) and G E Chapman & Associates in 1997.

The move continues the trend of WA valuers partnering with other firms to establish national networks. Other valuers, including Herron Todd White, Quantia Valuation Consultants, Propell National Valuers and LMW Hegney have all achieved a national presence within the last five years.

That trend has been driven by a growing preference of many customers, particularly banks, preferring to work with valuers who could offer a broader geographic coverage than boutique advisors focused on a particular area or sector.

“We are very excited at joining m3property,” Mr Chapman said. “The move will better allow us to provide our Western Australian clients with up to the minute national research as well as consistent high quality support and service in other states of Australia.”

m3property CEO Grant Jackson said that the addition of the WA team was a good professional and cultural fit for the organisation that would allow it to offer a wider range of services to its clients and further expand its research capability.

“It also offers broader geographic coverage with local knowledge and experience and provides our clients with access to a deeper pool of talent and intellectual capital,” he added.

Mr Jackson also noted that the inclusion of the Perth office would add strength to its areas of expertise, particularly in aged care and residential subdivision.

m3property already has offices in Melbourne, Sydney, Brisbane and Toowoomba, and will also add the Egan office in Adelaide to its network from July 1 under a separate agreement.

The integration of the Perth and Adelaide offices will take m3property’s national team to 120 staff, which it says makes it the largest independent property advisory firm in Australia.

Established in 1978, m3property provides specialist property valuation and advisory across Australia and South East Asia, focusing on government, retail, aged care, agribusiness, going concern, plant and equipment and industrial and commercial property sectors.