Knight Frank has appointed Andrew Palmer has been appointed as executive of retail investment sales, based in its Sydney office.

Palmer will work closely with Ben Stewart, after transferring from the NSW Commercial Sales team, having achieved considerable market share in the Sydney CBD market in the past four years, including the sale of 80-82 Pitt Stfor $46.5m, The George Street Medical Centre (5 Hunter St) for $4.125m and Level 5, 109 Pitt St for $4.75m

Knight Frank’s MD NSW, Richard Horne said the appointment signifies the company’s commitment to growing Knight Frank’s overall retail capability.

“Ben and Andrew will work closely with Alex Alamsyah and newly appointed Michael Hanscomb to form the core of a very strong retail team across the East Coast” he said.

Knight Frank has recently sold the Greenfield Park Shopping Centre to Banna Investments for $12.275m reflecting a yield of 9.94 per cent.

Greenfield Park Shopping Centre is an enclosed neighbourhood centre securely leased to IGA, mini majors, 21 specialty shops, and one ATM.

The centre includes around 160 at grade car parking spaces and has excellent frontage to Greenfield and Mimosa Roads in Greenfield Park metropolitan Sydney.