Peter Micalos is set to take the driver’s seat at The Agency’s new Canberra chapter, which launched this week with a significant project pipeline.
Canberra’s growth trajectory – recent CoreLogic data showing dwelling values increased by 2.3 per cent over December and 3.14 per cent in January 2020 – has been on The Agency’s radar since the company’s inception three years ago.
The Agency’s CEO Matt Lahood said they have always seen Canberra as a top priority in their national growth plans, and had just been waiting for the right team to come together there.
“It is such a unique city in terms of location, standing and design,” he said.
“It is masterplanned with community services that are second to none and a robust economy.
“We have been waiting for the right partnership to fulfil The Agency’s Canberra expansion, which we have found in Peter Micalos, our new senior partner.
“Peter has been a trailblazer in the Canberra property market for many years as an influential property development and real estate executive.”
Mr Micalos has more than 15 years of experience in senior roles with highly successful property developers, has participated in about $5 billion worth of property transactions, and has been closely involved in Canberra’s most iconic real estate developments.
Previously General Manager of Development at Geocon and now founder of Intellectual Property, a boutique real estate and development management business, Mr Micalos said he has also been looking for the right national partner.
“I have been working closely with one of Canberra’s fastest-growing, high-quality developers for many years,” he said.
“We currently have a pipeline of 1,000 units, to the value of $500 million, coming to market over the next 12 to 18 months.
“We needed the right national partner to market and sell this incredible development pipeline.”
Along with the project pipeline, which is estimated to grow to 2,000 units over 24 months and a total value of $1billion, Mr Micalos will also be establishing The Agency’s bricks-and-mortar hub in Canberra and initiating a major recruitment drive.