RECENT PROJECTS
Belle Developments has been involved in the site acquisition and development project management of many large scale mixed use projects, including agricultural land, residential apartments, broad-acre land, office investment buildings, hotels, tourism and leisure projects.
Brighton Site – New St. Brighton
Belle Developments recently acted for a highly regarded local development group in the acquisition of a superb high quality residential apartment development site within the leafy Bayside suburb of Brighton.
- The purchase was off-market and the land area was in excess of 3500m2 within close walking distance to the Church Street shopping precinct. Price was in excess of $13 million.
- The development will comprise a multi-level luxury apartment development to capitalise on this unique sea-side location.
Sunbury Site
Belle Developments sourced, negotiated & structured the acquisition of this 80 hectre broad-acre development site on behalf of the client.
Belle managed the PSP process that lead to the on-sale of the property at a significant profit to the developer.
PREVIOUS PROJECTS
Our Principal Director Stephen Rothel has amassed a wealth of property development project expertise in all types of investment grade real estate, development sites and all streams of alternative property asset classes.
Prior to 5 years as CEO of the Bahrain Financial Harbour Project Holding Company, Stephen has worked for over 15 years locally with Australia’s largest private sector development and construction company Grocon, responsible for 4 key projects including:
QV, Eureka, AXA and the RACV.
That followed 20 years as a Senior Manager and Director in the commercial property market with both Jones Lang La Salle and CBRE.
Bahrain Financial Harbour
$3.5bn mixed use project in the heart of Bahrain comprising:
+ two, 50 storey office towers
+ multiple apartment towers
+ service retail facilities
+ other office buildings
As CEO, Stephen was responsible for overseeing the complete project including development management, delivery and administration of the Holding Company, leading a diverse team of 30 people including design, delivery, finance, IT, sales & marketing, etc.
This project was the largest development project in Bahrain and was initiated by Gulf Finance House.
QV Development
$450mn mixed use development on half city block of 1.8HA, comprising:
+ 60,000m2 Offices
+ 40,000m2 Retail
+ 300+ Apartments
+ 1500 Car spaces
Stephen lead bid & strategy – EOI – RFT, market research & feasibilities, and lengthy MCC tender, as well as:
- Selecting & driving consultants – B+N Retail – and concept design & design development – mix & Laneways were key differentiator
- Preparing tenant submissions and leading pitches to key anchor tenants – BHP & Arthur Anderson; and developing & implementing apartment marketing strategy
- The key interface with Grocon constructors – Development Management /costing/programming/value engineering/build-ability
- Assisting in project finance arranging.
Eureka Tower
Eureka Tower is a premium 88 Story high-rise apartment tower comprising 650+ apartments
Stephen led the Grocon bid from early stages of the development to the establishment of the 3 way Joint Venture on the project, responsible for:
Co-ordinating project feasibilities preparation, marketing and project setup for the group
Leading development of the highly successful apartment marketing campaign and sales programme. Included tendering and appointment of the marketing Agents for the project. As Banks required 70% pre-sales for funding, the sales & marketing campaign was critical to being able to procure funding and commence the project.
The key interface with Grocon’s construction team in areas of costings and value management.
AXA – Docklands
40,000m2 pre-committed office building in Melbourne Docklands.
Stephen sourced potential tenants from market, worked alongside the Docklands Authority (DA) to pitch site, and identified the AXA group tenant target.
DA selected Grocon and lead the bid to AXA.
Simultaneously negotiating the site acquisition, Stephen secured AXA – finalised site purchase and project elements including:
Tenant & site procurement – documentation being Development Agreement – AFL & Lease
Bid strategy & management, tender submissions EOI-RFP to both Vendor & tenant
Consultant selection & Management –concept design & design development, engineers, QS, legal etc. Construction team interface re value engineering/buildability, cost estab. /programming
Feasibility assessment/modelling, and funding solution with CFO lead to establishment of NAB Fund
RACV Melbourne
RACV’s new Melbourne headquaters and associated commercial office tower.
Stephen was responsible for the sourcing and introduction of the Norton Rose Solicitors 10,000m2 tenancy to the project, which provided the commercial catalyst to the project’s commencement.
Leading the design and development of the office tower component relating to the Norton Rose requirements, ensuring a leading edge workplace design solution.
