Role Description
The Development Analyst role is to support the Acquisitions and Development team to acquire, construct and divest core development projects in the retail and commercial real estate sectors. In addition to the functional role detailed below, the Development Analyst (DA) will be required to assist in generation of development transactions to ensure that the Acquisition Division can service the group's core development and investment activities in-line with the group's strategic direction.
The DA will be required to assist in sourcing opportunities throughout SA, being guided by the team. In addition, the DA will help manage and grow key tenant relationships on a national basis and grow the businesses presence throughout Australia. The role will help achieve the group's core strategic outcomes and ensure that the division's KPI's are successfully achieved.
Location
SA
Reporting Line
The position will report to the Senior Acquisition Manager and Managing Director (MD).
Company Summary
Accord Property is an Adelaide based, national property development and funds management company.
Accord Property specialises in commercial, retail, healthcare and industrial property development and long-term property ownership within its investment funds (current FUM in excess of $350m).
Key Responsibilities
The position covers a wide variety of development related activities across the entire project life cycle in order to support the operations and growth of the group. Responsibilities of this position will include but not be limited to:
Site Acquisitions Phase
Demographic and trade area analysis to identify key locations for acquisition opportunities
Identify and review potential sites for acquisition and assist the team to directly target landowners and/or key agents;
Take directions from the Acquisitions team on areas to source site opportunities;
Liaise with sales agents to identify on-market and off-market purchase opportunities
Utilise research tools including RP Data, Landchecker, Gap Maps and Council portals;
Review relevant high-level due diligence, using the Delivery Division for assistance when required
Prepare a clear project brief and liaise with the Delivery Division to review site condition, service infrastructure and planning controls to inform feasibility inputs and project risks;
Prepare high level feasibilities to understand the financial viability of proposed developments;
Produce offers to purchase or expression of interest documents depending on the process for relevant acquisition;
Instruct legal consultants to produce purchase contract/option and review and;
Prepare project specific Board papers for approval by internal shareholders.
Tenant Relationships
Support the team to liaise with leasing agents to secure tenants for contracted sites and identify target areas for new acquisitions;
Assist in establishing and maintaining relationships with key tenants to identify future requirements;
Identify locations and potential site opportunities based on tenant's location requirements and report to acquisitions team;
Prepare a shortlist of potential tenant(s) for projects once they have been secured and;
Assist by instructing the legal team to prepare and arrange execution of legal documentation including Heads of Agreements, Agreements for Lease and Leases.
Delivery Phase
Assist with the continued due diligence upon site acquisition;
Attend pre-application meetings with Council to discuss the proposed development and any key planning restraints;
Liaise with the Delivery Division to coordinate external consultants in preparation of the development application;
Communicate relevant project information to finance team to assist with project funding and;
Circulate tenant scope of works specific to the project.
Divestment Phase
Assist in the divestment process through direct negotiations with takeout parties or via a selling agent;
Target Sectors (SA Focus)
Childcare/Fuel/QSR
Industrial
Retail and/or;
Medical
Or other sectors as agreed.
Compliance
Comply with company culture, integrity and ethics, all policies (including hand-over, sign-off and reporting), procedures, legal documents and financial management.
Utilise all company systems and software, incorporating CRM, project management and feasibility programs.
Skills and Experience
Graduate or post graduate qualification in a property related discipline;
Demonstrated ability to problem solve;
Efficient time management skills;
Proficient in Microsoft Office suite of products, particularly Excel;
Attention to detail to identify land development opportunities using appropriate mapping tools;
Ability to excel in a fast-paced and high-performance work environment.