The West Perth real estate business has consolidated its brands after acquiring three property companies in the past two-and-a-half years.
MLV Real Estate has consolidated its brands, following the acquisition of three property companies in the past two-and-a-half years.
The new structure, headed by MLV managing director David Lamb, combines MLV Real Estate, Bunbury firm Commercial Realty and McGees Property Perth to form MLV Property.
Under the new name, MLV will employ more than 40 staff and operate statewide, focusing on sales, leasing, asset management in commercial and industrial property.
Valuations and advisory are also offered in office, retail, industrial and mixed-use assets.
Existing teams will remain on board.
“This is about bringing together the strengths of three respected businesses into one clear direction for the future,” Mr Lamb said.
“Our people remain central to everything we do.
“Broader capability creates more opportunity, but the relationships and local knowledge that define us remain firmly intact.”
West Perth’s MLV Real Estate bought McGees Property Perth (Sullivan Commercial) last year but the brands remained separate with McGees directors Damien Molony, Peter Duffield and Victor Sankey involved in the transition process.
That expanded MLV’s commercial and industrial property focus to include retail, office, apartment sales and valuations.
Mr Molony, Mr Duffield and Mr Sankey have since retired.
McGees Property still has independently owned offices in Adelaide, Brisbane and Darwin.
Almost two years earlier, MLV had acquired Commercial Realty – expanding the company’s footprint to the South West.
The two companies kept their names, but combined staff to form a team of more than 25.
Commercial Realty principal Mike Jenkins remained in charge of daily operations at the Bunbury business, before moving into the background of the firm.
In the same year of 2023, MLV brought Subiaco-based Lever Property under its wing.
“The new structure simplifies how the business operates and presents to market, while maintaining continuity for clients,” MLV said in a statement.
“The business remains focused on the Western Australian market, positioning itself as a local specialist with the scale and capability to compete on larger and more complex projects.
“The formation of MLV Property marks the culmination of a considered growth strategy spanning more than two years...”
Headquartered in West Perth, MLV also has offices in Welshpool, Bunbury and Busselton.
Mr Lamb joined MLV Real Estate in 1989, four years after it was established.
He became director in 2008 and Australian Securities and Investment Commission records show Mr Lamb is MLV’s sole shareholder.
