Belle Property Commercial launch major Adelaide operation

Belle Property continues to be one of the fastest growing real estate groups in Australia with their next major office launch Belle Property Commercial Adelaide.

The Belle Property Residential footprint in Adelaide is already very strong with offices in premium suburbs Glenelg, Adelaide Hills, Unley, Grange and Adelaide City.

Belle Property Adelaide consortium, 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.”

And the most exciting part of the initial operation includes a first to the South Australian market with 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.”

Calvin said the Belle Property Commercial Adelaide’s business is very well positioned to lead the way, particularly in Asian Markets.

“We have already been very active in development site sales in the CBD and most recently, being appointed to sell a prime office building in the heart of the CBD, at 153 Flinders Street.

“We have Asian market specialists in place to enable Asian investors to understand the opportunity in Adelaide. We have strong international marketing capabilities and create all our material in two languages. We are well-placed to attract investors from China, Singapore, Hong Kong and beyond.”

Belle Property Commercial Adelaide has big plans for the future and plan to expand into Industrial, Retail, Hotels and even Valuations and Institutional Investments with key industry personnel.

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.