With a solid residential footprint in Adelaide, Belle Property Adelaide consortium leader Calvin Lai said the move into commercial is part of a long-term strategic plan.
“We see a tremendous opportunity in the commercial property market. Having already been involved in major projects and development site sales, we know the sector and all that it offers, and we believe we can leverage strongly off our market-leading position in residential and projects.”
The first stage of our commercial operation in Adelaide includes Investment Sales and Development Site Sales headed up by industry stalwarts David Buenfeld and Lyndon Cocks who have a combined half a century of commercial property expertise. The team is further strengthened by Matt Lazarus in Private Clients who is an expert in Retail Leasing and Sales and who is very active in the Adelaide CBD market.
David Buenfeld Belle Property’s Commercial Director said, “One of the driving forces behind my decision to change brands is the cultural synergy. I saw that my business and the Belle Property Commercial brand share the same core values, and above all else we value people – that being our team, clients and business communities. Together with the rest of the team at Belle Property Commercial Adelaide, we will bring a progressive and innovative approach to commercial real estate in Adelaide.”
The operation includes the introduction of a dedicated Asian Markets division headed up by Calvin Lai and Alan Lim.
Michael Hanscomb Belle Property Commercial’s National Head of Commercial & Projects said, “Australia has seen a strong growth in the number of Asian-based investors in commercial property particularly from China, Hong Kong, Singapore and Malaysia. Belle Property Commercial’s Asian Markets Division which we are rolling out nationally combines our local expertise and global network to provide a tailored service to Asian High Net Worth Individuals which meets their specific property needs.”
We believe South Australia will become an increasingly popular investment proposition.
“On 1 July 2018, stamp duty on commercial property transactions in South Australia will be abolished which is fantastic news for the commercial market. Investors around the world are turning their attention to Adelaide, including billionaires Elon Musk and Sanjeev Gupta. As a place to invest, Adelaide has a lot going for it, it’s renowned as an Education and Health hub and has even been voted the fifth most livable city in the world for six consecutive years and with many developments in the pipeline,” Calvin explained.