INDUSTRIAL MARKET REPORT - EDITION 1, 2015 |
Stay up to date with what's happening in your industry in 2015. | View this email in your browser |
Grays Website |
INTRODUCTION |
Welcome to our new Monthly Industrial Market Update |
Throughout 2015, the Grays Industrial team would like share with you our observations and insights into the results, events and trends we see occurring first hand in the major industrial sectors we deal in. We hope the information provided each month helps you make better, more informed business decisions and as the need arises, we'd love the opportunity to show you how we can help unlock value from the sale of your plant and equipment and assist you reach more buyers both domestically and globally. After all, that's exactly what we've been doing for thousands of other Australian businesses for more than 100 years. We would also like to express our appreciation for your business and participation. 2014 was a milestone year for Grays as we listed on the Australian Stock Exchange and became part of Grays eCommerce Group, Australasia's largest e-commerce company. This means we are able to provide even greater service for our clients and lays the foundation for major growth. The Industrial division achieved outstanding results in 2014 and we expect this to continue in 2015. In this first edition, we highlight the top five items sold last year within the automotive, mining, construction, transport and manufacturing categories, provide a market snapshot of specific industries and share some interesting stories behind some sales. As we send out this report, I am pleased to announce that our Victorian business has just relocated to a brand new 25,000sqm facility in Dandenong South, within the M2 Industry Park and we have acquired Bryan Andrews Auctioneers in Christchurch, New Zealand, so we now have a presence on both the North and South Islands. Both of these milestones form part of our growth strategy and will allow us to service our clients in greater capacity. If you would like to find out more information about a specific category, sale or how we can assist you and your business, I encourage you to contact myself or one of our highly motivated operators who have an exceptional understanding of your market and are ready to offer quality advice and provide a complete sale solution for your industrial requirement. Regards |
Adam Scharer Executive General Manager | B2B Email: adam@grays.com.au Grays eCommerce Group |
Grays at a Glance... |
Grays has experienced huge sale increases year-on-year across all industrial categories with more registered buyers than ever before. This means increased competition amongst purchasers, higher prices and shorter days on-market for vendors. Grays is a pioneer of the online auction system and has a large and loyal database of repeat customers who take advantage of the easier way to transact on the thousands of industrial and commercial items we list each year. As the world becomes increasingly mobile, we are in the enviable position to provide a total national and global asset disposal solution, to sell items in situ, saving our clients transport costs or to deliver and sell from one of our major offices in each state of Australia or New Zealand or one of the 35+ local depots we have around the country. |
2014 Clearance Rates | By the Numbers |
• | Agribusiness 79% | • | Over 1.9 million registered customers | ||
• | Transport 74% | • | 716,000+ subscribers | ||
• | Civil & Construction 89% | • | 1.2 million+ ave monthly unique visitors | ||
• | Mining 92% | • | Over $500 million in annual sales | ||
• | Auto & Marine 85% | • | Over 600 employees | ||
• | Manufacturing 95% | • | Over 55 experienced & certified valuers and project managers with a combination of A.P.I. (Plant & Equipment), A.S.A. and A.V.A.A. qualifications |
AUTOMOTIVE |
Industry Snapshot |
New car sales have been slower year on year, which raises the question about consumer confidence. The slow "new" car sales market has affected the used car market on both the supply and demand aspects. Grays relies on a portion of our supply from trade-ins from new car sales that wholesalers provide us and at the end of 2014, it was fairly slow across all our offices. We anticipate this trend will start to improve in 2015 as dealer new year sale campaigns and new models come onto the market, however, time will tell. |
Major Sale Summary |
Courtier Enterprises Pty Ltd |
Our QLD office was appointed by Grant Thornton for Courtier Enterprises Pty Ltd (Receivers and Managers Appointed) in November to sell over 50 commercial and passenger vehicles with the first sale of 26 vehicles getting approved for an unreserved online auction. |
Results - Over $565,000 in total sales |
UTES, VANS & WAGONS | COMMODORES |
• | Over 11,200 unique visitors | • | Over 5,400 unique visitors | ||
• | 15,200 page visits | • | 6,700 page views | ||
• | 36,900 page views | • | 14,463 bidders | ||
• | 134 bidders | • | 54 bids | ||
• | 518 bids | • | 172 bids |
National Luxury and Commercial Auction |
In the fourth quarter of last year, Grays conducted a national sale campaign across Luxury and Commercial vehicles. The focus of the national sale campaign was to target our more popular vehicle range to enable the category to increase exposure through targeted advertising. E.g. Search Engine Marketing, Electronic Direct Marketing, Home Page & Category Banners. |
Results |
COMMERCIAL VEHICLE AUCTION | LUXURY VEHICLE AUCTION |
• | Over 30 vehicles listed Australia wide | • | Over 30 vehicles listed Australia wide | ||
• | 85% Clearance rate | • | 86% Clearance rate | ||
• | 14,000 Unique visitors | • | 36,000 Unique visitors |
This gives you an example of the significant numbers we can achieve through the online platform. |
Interesting Asset Sale |
In the luxury vehicle online auction we had a 2011 Audi A6 C7 Quattro start at $9 unreserved and after 5 days of bidding, the highest bidder paid $50,309 + 5.5% buyer's premium. We had 33 unique bidders across 5 states, including WA, which shows you the reach we have through the online platform.
In the commercial vehicle online auction we had a 2013 Toyota SR5 4x4 Dual Cab Utility start at $9 unreserved and after 5 days of bidding, the highest bidder paid $33,709 + 5.5% buyer's premium. A significant portion of our vehicles are sold at $9 start, unreserved. The market determines the price they want to pay. |
Top Sellers |
2013 Toyota Landcruiser Sahara 4x4 (7-seater) Wagon, 14,865kmsSOLD $80,700 |
2013 Holden Special Vehicles GTS GEN-F Sedan, 17,167kmsSOLD $68,709 |
2013 Toyota Landcruiser GXL 4x4 Dual Cab Chassis, 10,015kmsSOLD $58,100 |
2010 Mercedes E350 Wagon, 24,172kmsSOLD $48,209 |
2012 Audi A5 S-Line Quattro 8T Coupe, 22,109kmsSOLD $48,309 |
MINING |
Industry Snapshot |
Recent sales and market feedback suggest that values on most categories of yellow goods have softened over the past 18 months. Buyers are less likely to purchase equipment on a speculative basis and are waiting for confirmed contracts prior to securing assets. Larger operators are holding assets for a longer period of time. Anecdotally significant amounts of equipment is currently underutilised or parked up. This has been especially problematic for rental businesses as contractors'glut' need for additional fleet is diminished. This 'glut' of idle mobile mining assets has seen an increase in equipment available for sale resulting in shop price deflation (especially for off highway dump trucks) compared to the inflated prices enjoyed by local sellers over recent years. |
Despite some short-term weakness, the worldwide new mining machinery market is forecast to expand 8.6% per year through 2017 to $135bn, spurred by demand for mined materials in China, India, and several other developing nations as industrial output increases, according to International research company, Freedonia Group. While the mining sector has felt the global downturn to a greater degree, civil earthmoving equipment generally suited to a variety of applications and industries, and readily transportable has proved a more robust market. The softening of the Australian dollar is now making local machinery more appealing to the international marketplace. |
Major Sale Summary |
Heavy Machinery |
Grays were appointed by FTI consulting to sell 54 mining class assets for Heavy Machinery that included various CAT and Komatsu Graders (14M), Scrapers (637G), Dozers (D9, D10, D11, D375 & D475), and Dump Trucks (740B). We conducted a two-stage disposal strategy including brokerage and online auction to international markets in conjunction with IronPlanet. |
Sale Results |
48 assets sold by brokerage and the remaining 6 sold via Online Auction
The equipment was sold throughout Australia and overseas The results achieved were well over market expectations The sale pages attracted over 25,000 unique visitors |
Interesting Asset Sales |
Grays has just recently sold a number of old HD785-3 off highway trucks destined for export to Iran, which appears to be a potential new market in the near future. |
Top Sellers |
Caterpillar D9T Crawler DozerSOLD $339,600 |
2011 Zoomlion QUY80 Crawler CraneSOLD $247,500 |
2012 Volvo, EC 480DL Excavator with 2 BucketsSOLD $187,600 |
2011 Keestrack Frontier Mobile Screening PlantSOLD $148,500 |
2003 Caterpillar D10 Bull DozerSOLD $128,500 |
New Major Appointment |
Indonesia |
GraysMining has been appointed by PT THIESS and PT Leighton Contractors to sell a parcel of 70+ idle mining machines in Indonesia. A sale by negotiation campaign will be undertaken for a fleet of rigid haul dump trucks including CAT 789C and 785C models, Komatsu HD785-7, HD785-7 models and a range of excavators between 125 tonnes and 300 tonnes, some bull dozers and service trucks. |
TRANSPORT |
Industry Snapshot |
While new truck and van sales during 2014 were pretty much on par with 2013, overall demand for used trucks has diminished over the last few months compared with earlier in 2014. Buyer activity across the board has reduced and as a result, prices for second hand stock have dropped accordingly with many dealers now struggling to sell their trucks at premium prices and selling second hand trucks at near auction prices. It is definitely a good time to be a buyer in the market at the moment with many deals to be found. |
Major Sale Summary |
Western Diesel |
Grays were appointed by McGrath Nicol to value and sell a large range of assets for Western Diesel comprising transport and workshop equipment, side tipping trailers, flat deck trailers, skel trailers, prime movers, transportable buildings, dolleys, forklifts and a large number of used and new stock parts. As the equipment was located in multiple locations, Grays were able to mobilise our national team of valuers, project managers and cataloguers and conduct a multi-staged sale campaign with items located in situ at various locations as well as some secured at our premises. The campaign consisted of a negotiated sale period, on-site, online auction and EOI campaign for the new parts stock over 4-6 weeks, inlcuding SEO, online banner ads, direct mail brochures, print media ads, email marketing and telemarketing. |
Sale Results - Over $6 million in total sales |
TRANSPORT FLEET Over 73,000 page views | 11,400 unique visitors | 18,800 page visits | 132 bidders | 806 bids FORKLIFTS / EXCAVATOR / TELEHANDLER / WATER TRUCKS + MORE Over 14,000 page views | 6,000 unique visitors | 8,500 page visits | 28 bidders | 159 bids TRACTORS / CASE EXCAVATOR / SKID STEER LOADER Over 9,500 page views | 4,400 unique visitors | 5,500 page visits | 9 bidders | 29 bids TRUCK & TRAILER DEALERSHIP SPARE PARTS INVENTORY Over 35,900 page views | 4,900 unique visitors | 7,400 page visits | 142 bidders | 1,542 bids |
Top Sellers |
2009 Sterling Crane Borer Truck - NSWSOLD $360,509 |
Stirling HX7500 6 X 4 Crane Borer Fitted with Ozzy Cranes - NSWSOLD $326,109 |
2013 Kenworth T409 SAR - NSWSOLD $192,609 |
Kenworth T359 Water Truck - NTSOLD $187,000 |
2011 Kenworth T909 6x4 Prime Mover - QLDSOLD $176,400 |
CIVIL & CONSTRUCTION |
Industry Snapshot |
Over the last five years, we have seen demand in the the non-building construction market grow substantially especially in Western Australia, Queensland and Northern Territory. This was driven by large private investment in mineral and energy developments and robust public investment in roads, telecommunications and infrastructure. In addition, there has also been strong demand in the Heavy Equipment Industry and solid demand from the Road and Bridge Construction and domestic demand for higher density housing couple with increased Asian demand for Australian resources, which has also underpinned construction growth over this period.
We are now seeing a slowdown in construction activity with the key driver being the completion of some major projects, coupled with declining investment in mining projects and related infrastructure. However, large LNG construction projects in Queensland, Western Australia and the Northern Territory will help keep activity steady and several subsectors of the market which will offer strong growth opportunities over the next years, including telecommunications, passenger rail, freight, electricity transmission, flood mitigation, and subdivision infrastructure. |
Major Sale Summary |
Gladstone LNG Project |
One of the largest private capital investment projects to be undertaken in Australia is the Gladstone LNG project in Queensland. Construction of the world first project designed to turn coal seam gas into liquefied natural gas (LNG) began in 2010 with the first shipment transported to Singapore at the start of the year. The upstream component of the project comprises 3 x 420 km, 42" gas lines originating in the Surat Basin coal fields. Grays have been very busy assisting the contractors dispose of their surplus assets. In the last 18 months, we have conducted over 50 sale campaigns. As the LNG project concludes this year and the subcontractors demobilse, we anticipate a steady flow of plant and equipment to come onto the market. Our initial sale resulted in selling 2000 items with gross sales of over $2.5 million. The second round consisted of another 2000 items sold for $2.4 million and we are currently selling a construction camp worth $3.85 million with approximately $500,000 worth of assets remaining. |
Major Work in the Pipeline |
From the Gladstone LNG project we have also completed, currently undertaking or will commence sales on behalf of the major contracting groups. We have conducted eight sales realising $2 million and have a 350 camp building to sell, 40 vehicles, a barge, two camp kitchens and a large quantity of general plant to sell. From the completion of the tank construction on Curtis Island, we have conducted an initial sale of plant and equipment totalling $200,000 with an estimated $1.5 million worth of vehicles, cranes, stores, containers and portable buildings to sell. We also have a few sales to conduct shortly containing approximately $500,000 worth of equipment. Most recently, Grays have been appointed to sell surplus equipment from the Hay Point coal terminal in Mackay and includes about $1.5 million worth of assets. |
Recent Major Civil & Construction Sale Results |
HEAVY MACHINERY Construction equipment, WA & QLD $22 million FORGE GROUP Construction equipment, WA & QLD $16 million ECO CIVIL Civil and specialised pipe laying and earthmoving equipment, Brisbane QLD $12.5 million CMA GROUP Civil and specialised equipment, Australia wide $12 million HASTIE GROUP Civil and Construction, Australia wide $7 million D & G CRANES Crane hire and contractors, Australia wide $5.5 million ZINFRA Civil and construction contractor, WA $4 million |
Top Sellers |
2009 Caterpillar Track Dozer - QLDSOLD $950,000 |
2010 Caterpillar Track Dozer - QLDSOLD $630,000 |
2012 Komatsu Hydraulic Excavator - QLDSOLD $600,000 |
2007 Caterpillar Motor Scraper - QLDSOLD $550,000 |
2011 Tadano GR700E All Terrain Crane - WASOLD $462,000 |
MANUFACTURING & ENGINEERING |
Industry Snapshot |
The Australian manufacturing industry continues to undergo significant changes brought about through a combination of global economic conditions, local cost restraints and changing demand for goods and services. Australia has seen a number of high profile manufacturing companies such as Alcoa, South Pacific Tyres, and Pacific Brands restructure their operations, cease production or move production offshore in order to maintain profit levels. |
Toyota have announced their plans to finish local vehicle production in 2017. This is in addition to Ford and Holden who have already announced they will stop producing locally made vehicles from 2016 / 2017. It is anticipated that these closures will affect tens of thousands of jobs in the automotive component and associated sectors, and the loss of up to 50,000 skilled workers. We have already started to see these types of component suppliers beginning to close this year or initiate plans for plant closures and exiting from the Australian market. The constant press coverage and uncertainty has had a negative effect on sector confidence for a period of time now, however there are signs of positive growth within other industry segments. |
Grays - Auto Manufacturing Industry Experts |
Grays have been at the forefront of the automotive manufacturing industry providing specialised and high value disposal and WH&S solutions for many years. Through our strategic partnership with, we are able to provide our clients with the best selling solution to expose their plant and equipment to the widest market and achieve the highest prices nationally plus access to global markets in Asia, Europe, and North America. We successfully partnered with Hilco Industrial when we helped Mitsubishi Australia dispose of their plant and equipment when they closed their South Australian manufacturing site and continue to provide national expertise with a global reach for many of the industry's key players. |
Major Sale Summary |
Major Automotive Component Manufacturer |
We have recently completed the sale in conjunction with Hilco Industrial of the entire plant and equipment for a major automotive component manufacturer grossing over $1.25 million with significant interest from all parts of the globe with the content of the facility sold to a buyer from the UK. |
Sales Results |
20+ Enquiries for the Entire Plant / Major Lines from USA, Canada, UK, Germany, India, Egypt and Thailand. 8 offers received for Entire Plant / Major Lines
120+ Enquiries on specific assets 21,800 visits to the sale webpage 10,730 unique visitors Over the last 12 months, we have held meaningful discussions with the Australian OEM's and major component manufacturers to assist them with their planning for plant and equipment disposal strategies. We have been able to share with them our learnings from the sale of Mitsubishi Australia's Manufacturing site and provide advice from similar sales and recommend the best method of sale to suit their requirements. |
Top Sellers |
10 Colour Sheet Fed Printing Press - NSWSOLD $471,000 |
Komori Li 10 Colour Printing Press - NSWSOLD $455,000 |
2010 Puller Tensioners & Reel Winders | 2 x AFB506 Tesmec Puller Tensioners - NSWSOLD $255,109 |
Various Equipment and Spare parts to suit an Embraer E190 Aircraft - VICSOLD $241,000 |
Various Equipment and Spare Parts to Suit a Boeing 737 Aircraft - VICSOLD $187,181 |
AGRICULTURE |
Industry Snapshot |
At farm-gate, the agricultural sector contributes 2.4 percent to Australia’s total GDP. The gross value of Australian farm production in 2012-13 was 47.9 billion – a 3 percent increase from the previous financial year. This contribution is generated by an estimated 115,000 farm businesses, 99 percent of which are family owned and operated enterprises. Australian farmers export approximately 60% of their produce, and farm exports earned the country an estimated $38 billion in 2012-13. Global food demand is projected to grow strongly in future decades. ABARES predicts average growth of 1.3 per cent per year in the real value of global food demand from US$2.9 trillion in 2007 to US$5 trillion by 2050 - an overall increase of 75 per cent with much of this growth occurring within close proximity to Australia, meaning there is a great opportunity for farmers to take advantage, invest and grow their businesses; especially with the new trade agreements with the likes of Korea, Japan, China and the lower Australian dollar. On the secondary equipment auction market, Grays has experienced massive sales growth within the agribusiness category over the last 12 months with branded assets selling strongly. We believe farmers continue to be very risk adverse with capital and therefore will tend to spend big on reliability. There have been instances where an older model is preferred because a new model has not been proven and technological improvements can increase maintenance. Specialised low brand awareness assets, particularly attachments, are difficult to sell by auction at prices consistent with normal depreciation expectations. The prices on high worth agriculture assets don't typically hold up either, however the market is there at the right price. Farm machinery is typically overpriced on trading websites driven by dealers. Often dealers will receive a sales incentive from the manufacturer on a new equipment sale and may finance it with the same. We have observed a tendency to overprice used equipment trade-ins to get the deal away. In general, the used equipment market place is very large and interest in auction sales is always strong. The online auction model is ideally suited to the Rural and Agribusiness market because assets can remain in situ, reducing transport costs normally associated with traditional auctions. Grays's geographical spread of over 30 regional depots across the country also helps sellers when relocation is necessary. |
Major Sale Summary |
Grays were appointed in conjunction to sell the plant & equipment of a farm machinery dealer in regional Victoria on behalf of a major insolvency company, bank and other financiers in one of the largest Agricultural based auctions in recent times. The clients preferred to market the assets via one large auction rather than individual ones for the different types of assets. Grays were appointed due to our track record of handling major event auctions on a national level, our national resources and marketing database of active buyers in the specific category. |
Sale Results |
• | Two Day Major Event Traditional Auction | ||
• | Over 800 registered bidders onsite and over 1,000 people across the two days | ||
• | Over 1,000 assets were sold in two days | ||
• | 100% clearance rate and site cleared | ||
• | $4.2 million sale total | ||
• | Assets: Plant & Equipment for orchard/almond farms, 80+ tractors, 50+ sprayers, 4x telehandlers, grape and harvest combines, general farm equipment | ||
• | Buyer Feedback: Local agri. dealers couldn't buy due to the high knock down prices. Presentation of the event was well received and the variety of offering created an event for farmers to spend two days on-site and buy |
BANKING, INSOLVENCY & FINANCE |
The Largest Team of Valuers in Australasia |
Grays Asset Services is a national team of professional staff within the Grays Group, dedicated to the service of the Banking, Finance and Insolvency Industry. Our team of expert valuers is the largest in Australia & New Zealand with over 40 experienced members having a combination of A.P.I. (Plant & Equipment), A.S.A. and A.V.A.A. qualifications and memberships. We have achieved significant growth in our banking and insolvency business year-on-year because our clients recognise and appreciate working with a service provider that can handle any job, anywhere, any time. We provide specific industry and market advice, helping them make informed decisions about companies or assets under their formal appointment or pre appointment. We provide formal plant and equipment valuation reports, full project management and recommend the most appropriate sale method, whether an online or traditional auction, public tender, expression of interest or online fixed price.We also conduct formal WH&S Trade on Risk Assessments and Plant Hazard Reports for companies and assets over which practitioners have been appointed. |
Recent Major Insolvency Sale Results |
FTI (Heavy Machinery) Mining & Heavy Civil $22 million DELOITTE (Powerserve) Electrical Services $6 million SVP (NJ Contracting) Earthmoving & Transport $4.3 million PwC (Wine Investment Services) Wine $4 million McGRATHNICOL AND COR CORDIS (Focus Press) Printing $4 million FERRIER HODGSON (TES) Mining $2.1 million SVP (McBryde Corporations) Contractors Equipment $2.1 million BRI FERRIER (Roadwise) Transport - $2 million McGRATHNICOL (Northern Mining and Contracting Services) Earthmoving & Contractor $1.5 million McGRATHNICOL(SES) Mining $1.3 million RODGERS REIDY (Underground Mine Engineers) Mining $848K BENTLEYS (LTH Investments Qld) Modular Buildings, Transport & Earthmoving $800K |
New Zealand Business Overview |
The New Zealand industrial business has experienced some terrific results over the last 12 months with much of it derived from the insolvency and private sectors with what looks like a busy end to FY15. The acquisition of Bryan Andrews Auctioneers will provide greater scope and opportunities for the business moving forward as we can now better service our clients.
Over the last 10 years we have seen some interesting trends amongst certain failing industries which have undergone what can only be described as a cleansing process. One whereby struggling organisations fail to get on top of rising debt, declining sales, or other external factors which ultimately lead to Administration, Liquidation or Receivership. Several industries that have been affected more than others include, Transport, Civil, Dairy, Wood Working, Printing, Manufacturing & now Wood Processing. All of which have been partial to many common factors that have negatively impacted on each sector. However, these particular industries also face the ongoing strain of competing imports, fluctuating exchange rates, low margin, aggressive competition, and in the case of wood processing, a demand for raw log exports. In the last 18 months we have been involved in two very high profile timber processing Receiverships, Tachikawa and Southern Cross Forest Products. Both were very large and complex sites which required not only an effective sales & marketing plan, but also a water tight contractor management process that gave due consideration to the most important aspect of the project; health and safety. The interesting thing to note about the entire project is that a large percentage of the combined sale value came from international buyers, in particular Australia and Chile. Therefore, having our Australasian & wider global network of buyers certainly paid dividends in the final outcome. |
Interesting Sale Facts | Tachikawa Forest Products Sawmill (Insolvency) |
Established: 1990 |
Interesting Sale Facts | Southern Cross Forest Products Sawmills (Insolvency) |
Established: 1994
Sale Type: Tender & Online Auction Items listed for sale: 190 Purchaser: Local and International with a portion of the equipment being exported to Chile. Media advertising: Primarily online through industry specific channels, Friday Offcuts and Timber & Forestry E-News |
MOVERS & SHAKERS |
Brad Duff
Senior Manager | Banking Insolvency & Finance - New South Wales Brad joins Grays's NSW Asset Services Division in the role of Senior Manager. Brad has over 10 years of experience in the banking and insolvency industry focusing on advisory services, credit decisioning and workout and restructuring for SME's with debts of $1m to the larger corporate and institutional clients with $1b+ of debt. Prior to Grays, Brad worked for NAB where he developed extensive expertise in all forms of corporate structuring including asset realisations, debt sales, finance restructuring, administrations, receiverships, voluntary administrations and liquidations and corporate advisory across a broad range of industries. Contact Brad |
Kevin Brunt
Business Development Manager Victoria Kevin has over 25 years industry experience, having worked in the logging, transport and trucking industries for over 10 years, petro-chemical sector for five years and most recently in the finance and banking industry for over 12 years; providing finance solutions to meet specific client requirements including equipment finance, CAPEX, finance lease and operating lease solutions in transport, civil contracting and mining. Contact Kevin |
Mitchell Burgess
Manager | Banking Insolvency & Finance West Australia Mitchell joins Grays in the role of Manager of the Western Australian Banking, Insolvency and Finance (BIF) team. Prior to joining Grays, Mitchell has worked in the banking and insolvency industry for the past six years, most recently at PPB Advisory on a diverse range of formal and informal engagements, as well as spending a 12 month period on secondment at Westpac Banking Corporation in the Loans Management Unit. Contact Mitchell |
Mark Griffiths
Senior Valuer & Project Manager Queensland Mark is an AVAA Certified Practicing Valuer and Licensed Auctioneer with over 20 years of experience. He has previously worked for three major national auction groups specialising in valuations, auctioneering, restructuring and Insolvency. Mark is well respected and widely recognised for his skills in formal and informal valuations, marketing and project managing asset sales. He has managed and conducted a number of major auction and valuation projects, with a particular emphasis on mining, earthmoving and transport. Contact Mark |
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