CBRE has promoted Peter Rossi and Craig O’Donnell to jointly head the firm’s Australian retail investments team.

Rossi and O’Donnell each have more than 25 years’ experience in the retail property sector in senior agency and institutional roles.

CBRE president & CEO, Australia & New Zealand, Tom Southern, said the promotions aligned with CBRE’s strategy to adopt a “borderless” approach to retail investments.

“We are mirroring the national approach our institutional clients have to retail property and are harnessing the skill sets we have developed across the country to ensure we have a market leading platform, and can deliver the optimum results for our retail clients,” Southern said.

Between them, Rossi and O’Donnell have been involved in the sale of retail assets valued at more than $3 billion.

Rossi joined CBRE five years ago from FKP, following senior roles with Woolworths and Delfin Property Group.

In his new role as national director, retail investments, he will relocate from Brisbane to CBRE’s Sydney CBD office.

O’Donnell, who has acted in the sale of major retail investments since 1994, including 10 years at JLL, will remain based in Brisbane in his new role as national director, retail investments.

“Peter and Craig are highly experienced in the sale of major retail assets and they have the client relationships, industry knowledge and breadth of experience to ensure we are providing a cohesive, national approach to retail investments,” Southern said.

“In their new roles they will lead our team of eight retail investments professionals across the country, and further build on our client service offering and the strong market share we have developed, particularly in Queensland and Victoria.”