New Perth office targets rising demand for development and investment finance in the region
Commercial property finance brokerage Stamford Capital has expanded its operations into Western Australia (WA), opening an office in Perth.
The new office is the fifth since the firm’s establishment in 2010, joining locations in Sydney, Melbourne, Brisbane, and Adelaide. Located at 401 Oxford Street in Mount Hawthorn, the office will be led by Andrew Dilorito (pictured second from right), executive director and a well-known finance broker in Western Australia with 20 years of experience in banking and brokerage.
“Stamford Capital will deliver a level of expertise not seen in the Perth market until now,” Dilorito said. “I am excited to leverage my experience, now backed by a strong national team, market-wide lender partnerships, and access to a balance sheet through Stamford Capital Investment Management.”
Dilorito’s career in WA’s finance sector includes roles in banking with ANZ and the founding of Aperto Finance, a boutique debt advice and brokerage business. He quickly attained Elite category status with LMG Group, Australia’s largest commercial aggregation group.
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Joining Dilorito at Stamford Capital Perth is Mark Mackenzie (pictured second from left), associate director, who brings over 14 years of finance and banking experience. Mackenzie’s background includes senior roles at Westpac, PwC, and most recently, Bankwest and CBA.
Stamford Capital Perth aims to meet the growing demand for development and investment finance in the region. The expansion comes as Western Australia shows strong signs of growth in the commercial property sector.
According to the NAB Commercial Property Survey, Western Australia saw the largest increase in commercial property sentiment in Australia during the first quarter of 2024, with the NAB Commercial Property Index rising by 29 points.
Western Australia’s commercial property market shows promising signs across multiple sectors. NAB’s survey indicates that office vacancies in the state fell from 12.7% to 11.5%, and retail vacancies are the lowest in the country at 6.5%. The industrial market is also poised for rental growth, with demand expected to surpass supply over the next three to five years.
The residential market remains tight due to strong buyer demand. Perth recorded a 0.73% rise in residential prices in May 2024, the highest among major Australian capitals, with a 20.58% increase over the past 12 months, according to NAB data.
“Our Perth office is a vote of confidence in WA’s robust commercial property market, which has proven to be resilient,” said Peter O’Connor (pictured far left), managing director of Stamford Capital. “It will allow us to better serve our Perth clients as we strengthen our national footprint.”
Since its founding in Sydney, Stamford Capital has expanded steadily, opening offices in Brisbane in 2016, Adelaide in 2018, and Melbourne in 2019. The firm has grown from a team of two to a national workforce of 40, with a transactional volume of $12.7 billion. In the 2024 financial year, Stamford Capital settled over $2.5 billion in loan volume and achieved a record pipeline of over $5 billion.
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