<rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:dc="http://purl.org/dc/elements/1.1/"><channel><title>tessadevelopments</title><description>tessadevelopments</description><link>http://www.tessadevelopments.com.au/news</link><item><title>Ascot Residences - Project Video Update - November 2016</title><description><![CDATA[And we are off an running! Great progress underway at the Ascot Residences Brisbane site, hear more from the Tessa Developments Managing Director Brendan Tutt as he visits site to bring together a fresh update for activity in November.<img src="https://i.vimeocdn.com/video/602391464_640.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/11/28/Ascot-Residences---Project-Video-Update---November-2016</link><guid>http://www.tessadevelopments.com.au/single-post/2016/11/28/Ascot-Residences---Project-Video-Update---November-2016</guid><pubDate>Sun, 27 Nov 2016 23:58:34 +0000</pubDate><content:encoded><![CDATA[<div><iframe src="https://player.vimeo.com/video/191401028"/><div>And we are off an running! Great progress underway at the Ascot Residences Brisbane site, hear more from the Tessa Developments Managing Director Brendan Tutt as he visits site to bring together a fresh update for activity in November.</div></div>]]></content:encoded></item><item><title>Interview with Scott Hutchinson - On-site at Ascot Residences</title><description><![CDATA[Suggestion Caption: Tessa Developments Managing Director Brendan Tutt speaks with Hutchinson Builders Chairman Scott Hutchinson on-site at Ascot Residences Brisbane about the relationship between Tessa Developments & Hutchinson Builders along with what makes both businesses so successful. Click Play to watch the full video!<img src="https://i.vimeocdn.com/video/602388418_640.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/11/15/Interview-with-Scott-Hutchinson---On-site-at-Ascot-Residences</link><guid>http://www.tessadevelopments.com.au/single-post/2016/11/15/Interview-with-Scott-Hutchinson---On-site-at-Ascot-Residences</guid><pubDate>Mon, 14 Nov 2016 22:40:14 +0000</pubDate><content:encoded><![CDATA[<div><iframe src="https://player.vimeo.com/video/191398663"/><div>Suggestion Caption: Tessa Developments Managing Director Brendan Tutt speaks with Hutchinson Builders Chairman Scott Hutchinson on-site at Ascot Residences Brisbane about the relationship between Tessa Developments &amp; Hutchinson Builders along with what makes both businesses so successful. Click Play to watch the full video!</div></div>]]></content:encoded></item><item><title>Parkside on Folkestone - Project Video Update - October 2016</title><description><![CDATA[Tessa Developments Managing Director, Brendan Tutt, brings a great update for October progress on-site at “Parkside on Folkestone”. Exciting milestones are being reached every month & will continue now in the lead up to delivery in Quarter 1, 2017. Click play to find out more!<img src="https://i.vimeocdn.com/video/599945423_640.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/10/31/Parkside-on-Folkestone---Project-Video-Update---October-2016</link><guid>http://www.tessadevelopments.com.au/single-post/2016/10/31/Parkside-on-Folkestone---Project-Video-Update---October-2016</guid><pubDate>Mon, 31 Oct 2016 00:43:00 +0000</pubDate><content:encoded><![CDATA[<div><iframe src="https://player.vimeo.com/video/189577089"/><div>Tessa Developments Managing Director, Brendan Tutt, brings a great update for October progress on-site at “Parkside on Folkestone”. Exciting milestones are being reached every month &amp; will continue now in the lead up to delivery in Quarter 1, 2017. Click play to find out more!</div></div>]]></content:encoded></item><item><title>Ascot Residences - demolition of existing houses commences</title><description><![CDATA[Demolition finishes today of the existing houses at our Ascot Residences site. Surveying to commence 2nd Nov & bulk earthworks 10th Nov - exciting times to come for the Tessa Developments & Excel Development group project!<img src="https://i.vimeocdn.com/video/599532009_640.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/10/28/Ascot-Residences---demolition-of-existing-houses-commences</link><guid>http://www.tessadevelopments.com.au/single-post/2016/10/28/Ascot-Residences---demolition-of-existing-houses-commences</guid><pubDate>Thu, 27 Oct 2016 23:19:00 +0000</pubDate><content:encoded><![CDATA[<div><iframe src="https://player.vimeo.com/video/189261196"/><div>Demolition finishes today of the existing houses at our Ascot Residences site. Surveying to commence 2nd Nov &amp; bulk earthworks 10th Nov - exciting times to come for the Tessa Developments &amp; Excel Development group project! </div><img src="http://static.wixstatic.com/media/c98f76_e31df7da79414130a82ec277e7ded511~mv2_d_3264_2448_s_4_2.jpg"/><img src="http://static.wixstatic.com/media/c98f76_a86a175d7c36408a985ea7bfa2b034af~mv2_d_1632_1224_s_2.jpg"/><img src="http://static.wixstatic.com/media/c98f76_abddcc0abd264505800ead65afb06d3e~mv2_d_1632_1224_s_2.jpg"/></div>]]></content:encoded></item><item><title>2nd Interview with Red Door Architecture - featuring Charlton Residences</title><description><![CDATA[<img src="https://i.vimeocdn.com/video/596192000_640.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/10/31/2nd-Interview-with-Red-Door-Architecture---featuring-Charlton-Residences</link><guid>http://www.tessadevelopments.com.au/single-post/2016/10/31/2nd-Interview-with-Red-Door-Architecture---featuring-Charlton-Residences</guid><pubDate>Sun, 16 Oct 2016 23:18:00 +0000</pubDate><content:encoded><![CDATA[<div><iframe src="https://player.vimeo.com/video/186217861"/></div>]]></content:encoded></item><item><title>Preview Video - 52 Townhouse Project in Everton Park - October 2016</title><description><![CDATA[The New Benchmark In Brisbane Townhouse Living….. Exciting news! Tessa Developments have just lodged a DA for an exclusive 52 townhouse project in Everton Park on Brisbane’s north side. Watch our preview DA video for an exclusive glimpse into the planning of this exciting new project.<img src="https://i.vimeocdn.com/video/596177470_640.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/10/10/Preview-Video---52-Townhouse-Project-in-Everton-Park---October-2016</link><guid>http://www.tessadevelopments.com.au/single-post/2016/10/10/Preview-Video---52-Townhouse-Project-in-Everton-Park---October-2016</guid><pubDate>Mon, 10 Oct 2016 06:24:55 +0000</pubDate><content:encoded><![CDATA[<div><iframe src="https://player.vimeo.com/video/186206708"/><div>The New Benchmark In Brisbane Townhouse Living….. Exciting news! Tessa Developments have just lodged a DA for an exclusive 52 townhouse project in Everton Park on Brisbane’s north side. Watch our preview DA video for an exclusive glimpse into the planning of this exciting new project.</div></div>]]></content:encoded></item><item><title>Interview with Red Door Architecture - featuring Ascot Residences</title><description><![CDATA[Hear from the creators of the future Brisbane! Queensland award-winning Red Door Architecture talk everything Ascot Residences and Tessa Developments with Tessa Group Managing Director Brendan Tutt.<img src="https://i.vimeocdn.com/video/596191612_640.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/10/10/Interview-with-Red-Door-Architecture---featuring-Ascot-Residences</link><guid>http://www.tessadevelopments.com.au/single-post/2016/10/10/Interview-with-Red-Door-Architecture---featuring-Ascot-Residences</guid><pubDate>Sun, 09 Oct 2016 23:14:00 +0000</pubDate><content:encoded><![CDATA[<div><iframe src="https://player.vimeo.com/video/186217685"/><div>Hear from the creators of the future Brisbane!  Queensland award-winning Red Door Architecture talk everything Ascot Residences and Tessa Developments with Tessa Group Managing Director Brendan Tutt.</div></div>]]></content:encoded></item><item><title>Huntington Residences - Video Project Update - September 2016</title><description><![CDATA[Tessa Developments Managing Director Brendan Tutt brings you a Huntington Residences project update for September, including an interview with Peter Willis from Red Door Architecture. Construction commencing soon!<img src="https://i.vimeocdn.com/video/593673429_640.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/10/10/Huntington-Residences---Video-Project-Update---September-2016</link><guid>http://www.tessadevelopments.com.au/single-post/2016/10/10/Huntington-Residences---Video-Project-Update---September-2016</guid><pubDate>Thu, 29 Sep 2016 06:21:00 +0000</pubDate><content:encoded><![CDATA[<div><iframe src="https://player.vimeo.com/video/184268920"/><div>Tessa Developments Managing Director Brendan Tutt brings you a Huntington Residences project update for September, including an interview with Peter Willis from Red Door Architecture. Construction commencing soon!</div></div>]]></content:encoded></item><item><title>Ascot Residences - Video Project Update - September 2016</title><description><![CDATA[Tessa Developments Managing Director Brendan Tutt brings you an Ascot Residences project update for September, including an interview with Rohan Barry from Hutchinsons Builders. Construction commencing in October!<img src="https://i.vimeocdn.com/video/593673214_640.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/09/26/Ascot-Residences---Video-Project-Update---September-2016</link><guid>http://www.tessadevelopments.com.au/single-post/2016/09/26/Ascot-Residences---Video-Project-Update---September-2016</guid><pubDate>Mon, 26 Sep 2016 02:11:08 +0000</pubDate><content:encoded><![CDATA[<div><iframe src="https://player.vimeo.com/video/184268925"/><div>Tessa Developments Managing Director Brendan Tutt brings you an Ascot Residences project update for September, including an interview with Rohan Barry from Hutchinsons Builders. Construction commencing in October!</div></div>]]></content:encoded></item><item><title>Charlton Residences - Video Project Update - September 2016</title><description><![CDATA[Introducing the newest project for Tessa Developments & Excel Development Group, Managing Director Brendan Tutt provides a sneak peak into our plans for this huge site! Charlton Residences officially launches in October - stay tuned for more updates soon.<img src="https://i.vimeocdn.com/video/593673364_640.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/09/26/Charlton-Residences---Video-Project-Update---September-2016</link><guid>http://www.tessadevelopments.com.au/single-post/2016/09/26/Charlton-Residences---Video-Project-Update---September-2016</guid><pubDate>Mon, 26 Sep 2016 00:14:44 +0000</pubDate><content:encoded><![CDATA[<div><div>Introducing the newest project for Tessa Developments &amp; Excel Development Group, Managing Director Brendan Tutt provides a sneak peak into our plans for this huge site! Charlton Residences officially launches in October - stay tuned for more updates soon.</div><iframe src="https://player.vimeo.com/video/183938674"/></div>]]></content:encoded></item><item><title>Clever Apartment Design Results In Quick Rentals</title><description><![CDATA[Brisbane, Qld. Tessa Developments have announced the rental results of their “G35” development at 35 Gallway St, Windsor with insights into the Gen Y rental trends. 25 apartments have been rented since completion in May 2016 in the new Windsor building, just 3.5km from Brisbane’s CBD.Rents of up to $480 per week were achieved for the two-bedroom apartments, with city views and the largest floor plans attracting the quickest applicants. The most popular demographic of tenants is between 25-30<img src="http://static.wixstatic.com/media/c98f76_7b0e3f5495714599a0e0c6e442dd8275%7Emv2_d_2689_3265_s_4_2.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/09/08/Clever-Apartment-Design-Results-In-Quick-Rentals</link><guid>http://www.tessadevelopments.com.au/single-post/2016/09/08/Clever-Apartment-Design-Results-In-Quick-Rentals</guid><pubDate>Thu, 08 Sep 2016 04:22:52 +0000</pubDate><content:encoded><![CDATA[<div><div><img src="http://static.wixstatic.com/media/c98f76_7b0e3f5495714599a0e0c6e442dd8275~mv2_d_2689_3265_s_4_2.jpg"/><img src="http://static.wixstatic.com/media/c98f76_d4e0538a5b30405b90d078f6c20ead42~mv2_d_5760_3840_s_4_2.jpg"/><img src="http://static.wixstatic.com/media/c98f76_46767984397842899668f0b2e1fcc397~mv2_d_5760_3840_s_4_2.jpg"/></div><div>Brisbane, Qld. Tessa Developments have announced the rental results of their “G35” development at 35 Gallway St, Windsor with insights into the Gen Y rental trends. 25 apartments have been rented since completion in May 2016 in the new Windsor building, just 3.5km from Brisbane’s CBD.</div><div>Rents of up to $480 per week were achieved for the two-bedroom apartments, with city views and the largest floor plans attracting the quickest applicants. The most popular demographic of tenants is between 25-30 years, in line with the Gen Y shift into Windsor along with medical professionals from the nearby Royal Brisbane Women’s Hospital.</div><div>“In a competitive rental market, we have seen tenants drawn to this building for the larger living spaces &amp; the large usable balconies”, Brendan Tutt Managing Director of Tessa Group said.</div><div>Each G35 apartment includes a balcony or courtyard from 14m2 to 34m2, which has attracted tenants seeking to take advantage of Brisbane’s year-round liveable weather &amp; the option to keep a treasured pet inner-city. 50% of tenants have applied for pet approval, either owning or seeking to own a pet in the future. “Tenants have regularly remarked on the living areas &amp; being able to fit a large lounge &amp; dining table in their apartment was a large positive, especially when moving from a house”, said Mr Tutt.</div><div>With Brisbane dubbed the “new world city”, further residential development is guaranteed and the insight from potential renters is golden. Abundant choice is allowing renters to seek out quality in their new home with lifestyle benefits such as pet-allowance whilst living inner city. Larger, liveable floor plans with outdoor spaces have received a big tick from Gen Y.</div><div>Tessa Developments is an integrated privately-owned residential property development company based in Brisbane, Queensland. Their vision is to construct award winning developments through careful selection &amp; investment in high quality locations, leading architectural design &amp; quality build to product luxury residential products that perform across all aspects.</div></div>]]></content:encoded></item><item><title>G35 Windsor - Video Update - August 2016</title><description><![CDATA[<img src="https://i.vimeocdn.com/video/590596197_640.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/09/08/G35-Windsor---Video-Update---August-2016</link><guid>http://www.tessadevelopments.com.au/single-post/2016/09/08/G35-Windsor---Video-Update---August-2016</guid><pubDate>Wed, 31 Aug 2016 03:49:00 +0000</pubDate><content:encoded><![CDATA[<div><iframe src="https://player.vimeo.com/video/181886572"/></div>]]></content:encoded></item><item><title>Parkside on Folkestone Video Update - August 2016</title><description><![CDATA[<img src="https://i.vimeocdn.com/video/590596296_640.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/08/30/Parkside-on-Folkestone-Video-Update---August-2016</link><guid>http://www.tessadevelopments.com.au/single-post/2016/08/30/Parkside-on-Folkestone-Video-Update---August-2016</guid><pubDate>Tue, 30 Aug 2016 03:44:00 +0000</pubDate><content:encoded><![CDATA[<div><iframe src="https://player.vimeo.com/video/181886187"/></div>]]></content:encoded></item><item><title>Huntington Residences Video Update - July 2016</title><description><![CDATA[<img src="https://i.vimeocdn.com/video/582552240_640.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/08/31/Huntington-Residences-Video-Update---July-2016</link><guid>http://www.tessadevelopments.com.au/single-post/2016/08/31/Huntington-Residences-Video-Update---July-2016</guid><pubDate>Fri, 01 Jul 2016 07:16:00 +0000</pubDate><content:encoded><![CDATA[<div><iframe src="https://player.vimeo.com/video/175171086"/></div>]]></content:encoded></item><item><title>Ascot Residences Video Update - July 2016</title><description><![CDATA[<img src="https://i.vimeocdn.com/video/582551976_640.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/07/01/Ascot-Residences-Video-Update---July-2016</link><guid>http://www.tessadevelopments.com.au/single-post/2016/07/01/Ascot-Residences-Video-Update---July-2016</guid><pubDate>Fri, 01 Jul 2016 07:12:00 +0000</pubDate><content:encoded><![CDATA[<div><iframe src="https://player.vimeo.com/video/175315416"/></div>]]></content:encoded></item><item><title>G35 Windsor Video Update - April 2016</title><description><![CDATA[<img src="https://i.vimeocdn.com/video/565464707_640.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/04/01/G35-Video-Update---April-2016</link><guid>http://www.tessadevelopments.com.au/single-post/2016/04/01/G35-Video-Update---April-2016</guid><pubDate>Fri, 01 Apr 2016 07:18:00 +0000</pubDate><content:encoded><![CDATA[<div><iframe src="https://player.vimeo.com/video/162764692"/></div>]]></content:encoded></item><item><title>Parkside on Folkestone Video Update - April 2016</title><description><![CDATA[<img src="https://i.vimeocdn.com/video/565478872_640.jpg"/>]]></description><link>http://www.tessadevelopments.com.au/single-post/2016/07/01/Parkside-on-Folkestone-Video-Update---July-2016</link><guid>http://www.tessadevelopments.com.au/single-post/2016/07/01/Parkside-on-Folkestone-Video-Update---July-2016</guid><pubDate>Fri, 01 Apr 2016 07:17:00 +0000</pubDate><content:encoded><![CDATA[<div><iframe src="https://player.vimeo.com/video/162769757"/></div>]]></content:encoded></item><item><title>Q&amp;A: Brendan Tutt, Managing Director Of Tessa Group</title><description><![CDATA[Brendan Tutt is busy. During his interview with The Urban Developer, his mobile phone buzzes incessantly.The reason is simple. In the 20 months since he left David Devine’s Metro Property Development, he has launched five separate but related businesses, in the process creating an integrated real estate empire.Tessa Group which now employs over 100 people has grown and Tessa Advisory and Project Marketing has already put some major runs on the board selling over 1000 apartments during 2015 with<img src="http://static.wixstatic.com/media/c98f76_c787f3b31cb94318a89eb3095bb01b44%7Emv2.jpeg/v1/fill/w_620%2Ch_380/c98f76_c787f3b31cb94318a89eb3095bb01b44%7Emv2.jpeg"/>]]></description><dc:creator>The Urban Developer</dc:creator><link>http://www.tessadevelopments.com.au/single-post/2016/02/11/QA-Brendan-Tutt-Managing-Director-Of-Tessa-Group</link><guid>http://www.tessadevelopments.com.au/single-post/2016/02/11/QA-Brendan-Tutt-Managing-Director-Of-Tessa-Group</guid><pubDate>Thu, 11 Feb 2016 04:30:00 +0000</pubDate><content:encoded><![CDATA[<div><div>Brendan Tutt is busy. During his interview with The Urban Developer, his mobile phone buzzes incessantly.</div><div>The reason is simple. In the 20 months since he left David Devine’s Metro Property Development, he has launched five separate but related businesses, in the process creating an integrated real estate empire.</div><div>Tessa Group which now employs over 100 people has grown and Tessa Advisory and Project Marketing has already put some major runs on the board selling over 1000 apartments during 2015 with a further pipeline of more than 1200 apartments and townhouses to sell over the next year worth approximately $500 million. This makes Tessa easily the biggest project marketer in the city.</div><div>Tessa’s project marketing clients are a Who’s Who of Brisbane developers and have included Pradella, QM Properties, JGL Properties, Goldestate, Stockwell, Partners In Property, Azure, DeMartini Properties and Marquette Properties.</div><img src="http://static.wixstatic.com/media/c98f76_c787f3b31cb94318a89eb3095bb01b44~mv2.jpeg"/><div>Tessa’s development business, Tessa Developments, has over $150m worth of developments underway over six projects totalling 250 dwellings, a strategic partnership with Peter Sherrie’s Excel Development Group and a long standing and close relationship with Hutchinson Builders’ Scott Hutchinson who’s group has been appointed to build all Tessa Projects.</div><div>Tessa Residential, Tutt’s building management business, is also growing rapidly, and already operates three high rise buildings: two in Fortitude Valley and one in South Brisbane. The business has $240 million in assets under management encompassing more than 500 apartments. The group has also purchased the rights to two more buildings adding a further 300 apartments giving the group over 800 apartments in their high-rise pool.</div><div>Tessa Residential’s agency arm now operates four general real estate agencies too, with offices in the Brisbane CBD, New Farm, Aspley and Oxley. This gives the group a sales outlet and a further 600 properties under management.</div><div>In partnership with long term friends and property identities Chris Vitale and Paul Gedoun of Pointcorp, Tutt formed Tessabuild — a house building business 12 months ago and this year the group will build in excess of 200 houses specialising in the owner occupier market and buying infill sites.</div><div>Below, we pick Brendan’s brains about the state of the Brisbane market, what advice he has for agents entering the business today, and why he plans to keep so many balls in the air at the same time.</div><div>You’re a Developer, Builder, Project Marketer, Property Manager and operate Real Estate Agencies. What do they have in common? Across the board in any property company you face the challenge of understanding the market. Understanding the market in all our different businesses is very important and I think that’s one thing we pride ourselves on. We spend a lot of time with researchers making sure we’re well versed in understanding where the market is at. Timing is important and we make decisions quickly. One thing our group has in common across all business is that we have the best people working with us, not for us, with us! We also work with the best-in-class across the board.</div><div>What do you think is the most undersupplied part of the Brisbane market? I think that one of the strongest markets is the boutique apartment market – small scale developments. Brisbane is currently seeing a lot of high-rise high-density developments and that market place is getting very crowded.</div><div>There is a flight to quality happening in what buyers want and what agents want.</div><div>They aren’t looking for projects where there’s 1000 apartments. They’re looking for apartment complexes where there’s a point of difference and the day of the 1000-apartment project with 5, 6, or 7 stages is coming to an end for this cycle.</div><div>We’ve seen a lot of guys get very ambitious trying to capitalise and potentially not deliver quality and that is why this flight to quality is happening.</div><div>Small boutique projects with a point of difference are the key. Lifestyle projects where people are delivering more amenity. This along with the townhouse market are a big focus for us as a group.</div><div>What would you nominate as the top projects in Australia right now? We speak to every major developer across Queensland – from regional areas through to Brisbane. I think the key thing is that to work on a project, it has to have a point of different for us. Everything we work on from our own projects to clients is quality. Premium is the normal in our opinion.</div><div>A project that we worked on and invested a lot of time in was the Newstead Series by JGL Properties.</div><div>On that site, the developer could have done 400-500 apartments. But they decided to do four boutique buildings range from 58-78 apartments instead. In the middle of that, which is almost the length of a football field, is 2000 sqm of amenity including a 25-metre pool, gym, and outdoor cinema. This is smart, smart, smart!</div><div>Now that’s a project where people want to live and that’s a point of difference. It’s not a high density tower that’s just been created for the sake of trying to sell apartments. John Livingstone is a smart guy for doing this, an example of best-in-class.</div><div>It’s very much a project where design and patience has come into it. There’s another example at Zetland in Sydney by Payce Consolidated called East Village – they are creating precincts, which is very important.</div><div>East Village had on Level 6 a couple of thousand square metres of open grass area which is very rare. The Eastern Distributor was on one side and you wouldn’t even know you were there.</div><div>They are setting the benchmark. If I had to name the top developers here: JGL Properties, Pradella, Pointcorp, Cavcorp and Aria Property Group also do great work. They have great projects and they’re sophisticated projects in the Brisbane market place.</div><div>If you go down south Tim Gurner and Paul Fridman do a great job and they are bringing a bit more of that flair to Brisbane.</div><div>Those people are setting the benchmark across Brisbane for what should be delivered.</div><div>How would you compare the market today with five years ago? Just go back 3-4 years when there wasn’t a lot of stock in the market place. We were selling high volume investment product and there was a lack of supply. Because of funding and other reasons, the market place was starved for stock. It was a lot easier to sell product back then because you didn’t have the competition. Right now there is stronger competition which means developers need to lift their game and provide a much better quality of project.</div><div>What is the biggest challenge facing the market? The biggest impediment in the market place is developers not delivering quality. The same style of property and project that was delivered five years ago is not acceptable any more.</div><div>People who were doing stuff 5-6 years ago are now having to compete with people who are really delivering some absolutely fantastic projects. You’re seeing a lot of positive influence from different architects, like Elenberg Fraser who have come to Brisbane recently. Callum Fraser has been a sensational addition to this market – a guy that understands markets and delivers. Local talents like Peter Willis from Red Door Architecture are changing the apartment space too. They just think differently and are really good guys to work with.</div><div>What is quality? Quality is resident amenity. It’s not just about “build ‘em cheap and stack ‘em high”, which I think a lot of people have done over the last few years.</div><div>It’s about building quality, the sizing of apartments, the floorplan design. Over the last 3-5 years people have seen these stack-and-rack type apartments but quality is showing a well thought out floorplan design and good-sized apartments.</div><div>Guys like PointCorp are delivering quality and they’re achieving high prices – and they are warranted, quality costs. That “build ‘em cheap and stack ‘em high” product is not moving like it used to.</div><div>The fundamental thing for any developer right now is spending the upfront time on design. It’s the most important thing both internally and externally. But form must follow function. That’s my biggest thing. You can have a sexy building that looks great but the internal units don’t function. It just doesn’t work. The internal function of a unit must be great and then build around it.</div><div>Don’t try and squeeze as many units in as possible. The market will pay more for quality so don’t push density over design.</div><div>Could you nominate a project that isn’t quality? I won’t do that because any project that gets off the ground deserves accolades. This is a hard business but there are a number of inner city projects in Brisbane where the outcomes have been driven by density – not by design. There’s a project in Fortitude Valley of over 500 apartments where it was just designed for yield at the time and it now sits on one of Brisbane’s best inner city sites.</div><div>What is your top piece of advice for agents? This business is built on long-term relationships and reputation. You need to provide strong advice and ensure that you have a long-term approach to how you carry yourself in the marketplace. The advice that you deliver must always be strong and accurate. Providing good advice from day one is the foundation for a good career in property.</div><div>What is your top piece of advice for sales managers? The key to success for managers is working with your staff. The way to build long-term staff relationships is to work with them day in, day out. Lead from the front!</div><div>It’s about managing staff and working with people and growing them into positions that they’re appropriate for.</div><div>Create a good strong culture for your business and you’ll keep staff. In our business right now the most important thing is our culture. We want a positive, active, upbeat, energetic, motivated environment. We talk about motivation. We talk about focus. These are the key things that we work on. We have a focussed environment that is outcome driven and any property business like ours needs to be that way inclined.</div><div>What sets Tessa Group apart? Number one is our people and number two is our culture!</div><div>Another aspect of our business that sets us apart is that we have an integrated approach with all our companies.</div><div>There are five companies rolled into one with strong leadership. Guys like Andrew Coulter, Kurt Swenson and Dan Hillier who I work with are just smart guys.</div><div>We feel that having all these different businesses in the property market gives us a great opportunity to understand the market much better. We understand the rental market, sales market, housing market and general agency – it helps us immensely.</div><div>Because we are developers we understand our clients more than most project marketers would. We go through the same process that they do with each development ourselves. What’s important is that you understand the market place across the board and we do understand. There wouldn’t be another project marketer with as much development exposure out there as we have, so we understand the importance of every aspect of these projects.</div><div>This article was published by The Urban Developer: <a href="http://www.theurbandeveloper.com">www.theurbandeveloper.com</a></div><img src="http://static.wixstatic.com/media/c98f76_72e7078e441f4913916f8c4b9d0fd31d~mv2.jpg"/></div>]]></content:encoded></item><item><title>Reg Rowe's Excel property teams up with Tessa for $100m Brisbane apartments</title><description><![CDATA[The founder of the Super Cheap Auto chain Reg Rowe is backing Brisbane's apartment boom with his Excel Development Group teaming up with Tessa Group for $100 million worth of developments. Excel, which is also part owned by Stockland's former head of apartments in Queensland Peter Sherrie, will fund most of what will initially be four small apartment projects in the middle ring suburbs of Brisbane. Described as a "capital relationship", the deal between Mr Rowe's Excel and Tessa involves both<img src="http://static.wixstatic.com/media/c98f76_de5a1a050a5e482ca4a1fa664d639c70%7Emv2.jpg"/>]]></description><dc:creator>Australian Financial Review</dc:creator><link>http://www.tessadevelopments.com.au/single-post/2015/12/10/Reg-Rowes-Excel-property-teams-up-with-Tessa-for-100m-Brisbane-apartments</link><guid>http://www.tessadevelopments.com.au/single-post/2015/12/10/Reg-Rowes-Excel-property-teams-up-with-Tessa-for-100m-Brisbane-apartments</guid><pubDate>Thu, 10 Dec 2015 06:55:00 +0000</pubDate><content:encoded><![CDATA[<div><div>The founder of the Super Cheap Auto chain Reg Rowe is backing Brisbane's apartment boom with his Excel Development Group teaming up with Tessa Group for $100 million worth of developments.</div><img src="http://static.wixstatic.com/media/c98f76_de5a1a050a5e482ca4a1fa664d639c70~mv2.jpg"/><div> Excel, which is also part owned by Stockland's former head of apartments in Queensland Peter Sherrie, will fund most of what will initially be four small apartment projects in the middle ring suburbs of Brisbane.</div><div> Described as a &quot;capital relationship&quot;, the deal between Mr Rowe's Excel and Tessa involves both parties investing equity in the business. However, it also gives Excel control over funding arrangements using the balance sheet of the semi-reclusive Mr Rowe, whose wealth is estimated by the BRW Rich List at $871 million this year. &quot;In most cases we will be the funder,&quot; Excel managing director Peter Sherrie said. &quot;We can also make a call as to whether we will provide the senior debt or go externally.&quot;</div><div>With some concerns over supply in the city - there are about 19,800 apartments under construction or being marketed within the inner-city precincts of Brisbane – Excel and Tessa have decided to focus only on developments of around 30 to 50 apartments in areas outside the inner ring with suburbs such as Ascot, Windsor, Bowen Hills and Lutwyche.</div><div>&quot;As you would know there are a lot of projects in the inner ring so we have gone to the next one out,&quot; Mr Sherrie said. He said Brisbane was still yet to see any &quot;crazy price growth&quot; for apartments which was actually a good sign of potential.</div><div>Tessa Group founder and managing director Brendan Tutt said the joint venture was likely to be a long-term investment. &quot;Working with Peter Sherrie and the Excel team is a great opportunity for our development company as it couples capital and experience,&quot; Mr Tutt said.</div><div> &quot;Peter is one of Queensland's most respected property figures. We intend to work with Excel long term and it would be our preference to have them as a permanent partner.&quot;</div><div> Tessa Group which now has more than 90 employees across several property business divisions, will be in charge of marketing the apartments.</div><div> Developments already underway include the $20 million Parkside On Folkestone at Bowen Hills. That project with 37 apartments is under construction with Hutchinson Builders. Other projects in the planning stage include the $16.5 million Huntington Residences at Lutwyche comprising 29 apartments and the $20 million Ascot Residences with 34 apartments. Tessa Developments also lodged a development application this week for a $30 million project comprising 50 apartments in Windsor that will be called Charlton Residences.</div><div>Mr Tutt said there were still opportunities to buy sites in Brisbane for residential apartment projects. &quot;You have to pay for good quality sites but we have never been afraid to do that,&quot; Mr Tutt said.</div><div>Story: Matthew Cranston - The Australian Financial Review</div></div>]]></content:encoded></item><item><title>Tessa And Excel Reveal Plans For Boutique Apartments</title><description><![CDATA[Tessa Developments and Excel Development Group have lodged a Development Application for 29 apartments in Chelmsford Avenue, Lutwyche.Targeted at the local owner occupier market the development over five levels consists of 29 large two bedroom, two bathroom apartments.The development was designed by Brisbane architecture firm Red Door Architecture.Located only 200 metres from the new Lutwyche bus interchange the site was put together with the amalgamation of three properties.Tessa Developments<img src="http://static.wixstatic.com/media/c98f76_b392c37b75a24a95b66ed04bee02a821%7Emv2_d_1800_1501_s_2.jpg"/>]]></description><dc:creator>The Urban Developer</dc:creator><link>http://www.tessadevelopments.com.au/single-post/2015/07/23/Tessa-And-Excel-Reveal-Plans-For-Boutique-Apartments</link><guid>http://www.tessadevelopments.com.au/single-post/2015/07/23/Tessa-And-Excel-Reveal-Plans-For-Boutique-Apartments</guid><pubDate>Thu, 23 Jul 2015 07:27:00 +0000</pubDate><content:encoded><![CDATA[<div><img src="http://static.wixstatic.com/media/c98f76_b392c37b75a24a95b66ed04bee02a821~mv2_d_1800_1501_s_2.jpg"/><div>Tessa Developments and Excel Development Group have lodged a Development Application for 29 apartments in Chelmsford Avenue, Lutwyche.</div><div>Targeted at the local owner occupier market the development over five levels consists of 29 large two bedroom, two bathroom apartments.</div><div>The development was designed by Brisbane architecture firm Red Door Architecture.</div><div>Located only 200 metres from the new Lutwyche bus interchange the site was put together with the amalgamation of three properties.</div><div>Tessa Developments managing director Brendan Tutt said the company purchased the site because of its proximity to the CBD, the Lutwyche bus interchange and local parks.</div><div>“Lutwyche is a major part of the inner north story and we looked at a number of sites before proceeding with Chelmsford Avenue,” Mr Tutt said.</div><div>“It is a quiet street with a great frontage which allowed our architects to really design something special.”</div><div>The building features Tessa’s trademark oversized apartments, high quality finishes and basement car parking for all apartments.</div><div>A lot of attention has been focussed on the facade and building’s lobby with the use of timber and glass.</div><div>Tessa Developments Director Kurt Swenson said: “There has been a lot of detail put into delivering something above the current market expectations and raising the bar. We like to focus on these areas because it gives our owners and us something to be proud of.”</div></div>]]></content:encoded></item><item><title>Construction Starts On Tessa’s G35 Project In Windsor</title><description><![CDATA[Queensland developers Tessa Developments and Golden State Developments have commenced construction of their $15 million G35 boutique apartment project at Windsor in Brisbane’s inner north.The project at 31-35 Gallway St, Windsor, consisting of 28 oversized apartments ranging in price from $500,000 to $520,000, sold out in one day.Tessa Group Managing Director Brendan Tutt said he was very happy with the market take-up.“Most buyers who purchased in the G35 development have been holding back in<img src="http://static.wixstatic.com/media/c98f76_19c8a714ac8244b8ba721cd7cc8863fc.jpg/v1/fill/w_444%2Ch_379/c98f76_19c8a714ac8244b8ba721cd7cc8863fc.jpg"/>]]></description><dc:creator>Brisbane Investor</dc:creator><link>http://www.tessadevelopments.com.au/single-post/2015/07/18/Construction-Starts-On-Tessa%E2%80%99s-G35-Project-In-Windsor</link><guid>http://www.tessadevelopments.com.au/single-post/2015/07/18/Construction-Starts-On-Tessa%E2%80%99s-G35-Project-In-Windsor</guid><pubDate>Sat, 18 Jul 2015 07:29:00 +0000</pubDate><content:encoded><![CDATA[<div><div>Queensland developers Tessa Developments and Golden State Developments have commenced construction of their $15 million G35 boutique apartment project at Windsor in Brisbane’s inner north.</div><div>The project at 31-35 Gallway St, Windsor, consisting of 28 oversized apartments ranging in price from $500,000 to $520,000, sold out in one day.</div><img src="http://static.wixstatic.com/media/c98f76_19c8a714ac8244b8ba721cd7cc8863fc.jpg"/><div>Tessa Group Managing Director Brendan Tutt said he was very happy with the market take-up.</div><div>“Most buyers who purchased in the G35 development have been holding back in the market looking for higher quality finishes and larger apartments,” Mr Tutt said.</div><div>“With all units grossing over 100 sqm we have been able to offer more liveable spaces and still deliver value.”</div><div>G35 is scheduled for completion in June 2016. The development is one of five inner city apartment projects Tessa Developments is undertaking in Brisbane.</div><div>Tessa Developments sales and marketing director Andrew Coulter said the project had attracted a wide range of buyers.</div><div>“We have had a great spread of buyers from both local owner occupiers to investors and the pleasing thing to know is that we could have sold another 28,” Mr Coulter said.</div><div>“There is a flight to quality in the market today and buyers are prepared to wait, it has been a great result.”</div><div>Hutchinson Builders has been appointed to build both G35 and Tessa Developments’ next project the $20 million Parkside on Folkestone at Bowen Hills.</div><div>Hutchinson Builders Chairman Scott Hutchinson said the company was pleased to be working with Tessa.</div><div>“We are excited to be involved with these projects and we look forward a long association with the Tessa Group,” Mr Hutchinson said.</div><div>“They are leading the way in this sub-100 apartment market with site selection, quality and design.”</div><div>Tessa Developments director Kurt Swenson said that over the next 12 months, Tessa Developments in partnership with Excel Development Group would deliver over $100 million worth of projects.</div><div>The company has three further apartment projects in Ascot, Windsor and Lutwyche and a strong focus on design-led projects in strong, well-established, blue-chip, owner-occupier markets.</div><div>Tessa Developments was formed in 2014 by Mr Tutt, Andrew Coulter and Kurt Swenson.</div></div>]]></content:encoded></item><item><title>Brisbane apartment developers look at the high-end market as competition between projects increases</title><description><![CDATA[COMPETITION for the hearts and wallets of would-be Brisbane apartment owners has sparked a “flight to quality” among developers.And the managing director of Brisbane-based property company Tessa Group, Brendan Tutt, said local developers are leading the quality charge.“Competition now means that developers now have to lift the bar and deliver more,” he said.“What people are delivering has to be so far above what the market was accepting three years to five years ago to make themselves stand out<img src="http://static.wixstatic.com/media/c98f76_283114f901864485bb554ca325167b20%7Emv2.jpg/v1/fill/w_626%2Ch_352/c98f76_283114f901864485bb554ca325167b20%7Emv2.jpg"/>]]></description><dc:creator>The Courier-Mail</dc:creator><link>http://www.tessadevelopments.com.au/single-post/2016/09/02/Brisbane-apartment-developers-look-at-the-high-end-market-as-competition-between-projects-increases</link><guid>http://www.tessadevelopments.com.au/single-post/2016/09/02/Brisbane-apartment-developers-look-at-the-high-end-market-as-competition-between-projects-increases</guid><pubDate>Fri, 17 Jul 2015 04:02:00 +0000</pubDate><content:encoded><![CDATA[<div><img src="http://static.wixstatic.com/media/c98f76_283114f901864485bb554ca325167b20~mv2.jpg"/><div>COMPETITION for the hearts and wallets of would-be Brisbane apartment owners has sparked a “flight to quality” among developers.</div><div>And the managing director of Brisbane-based property company Tessa Group, Brendan Tutt, said local developers are leading the quality charge.</div><div>“Competition now means that developers now have to lift the bar and deliver more,” he said.</div><div>“What people are delivering has to be so far above what the market was accepting three years to five years ago to make themselves stand out ... there is a massive flight to quality.</div><div>Tessa Group, which started 14 months ago is riding high on the apartment wave.</div><div>Since Mr Tutt, who was with Metro Property Development, his colleague Andrew Coulter and ex ANZ operative Kurt Swenson formed Tessa (asset spelt backward) they have formed five divisions employing 61 staff.</div><div>The Group has more than $250 million n assets under management and has five inner city sites under its control to develop 200 apartments.</div><div>Its first development is the 28 apartment G35 project in Windsor which sold out in the first day.</div><div>Another division Tessa Advisory has been appointed to sell more than $500 million of property for some of Queensland’s top developers with expectations of selling 1000 apartments this year.</div><div>Mr Tutt said the apartment market three to five years ago was characterised by a lack of competition and a “homogenous” offering</div><div> “For that reason the level of quality did not need to be as high,” he said</div><div>“But now, due to the fact of there are a lot more developers and liquidity in the finance markets, there are more projects up and running . and more competition.”</div><div>Mr Tutt said currently there aware three apartment sectors — high end owner occupier; high density general development and boutique, while townhouses were a rapidly emerging segment.</div><div>He said the lower risk boutique end of the market was is becoming more active.</div><div>“The apartment market will continue to be strong for the next three to five years,” he said.</div><div>“Local Brisbane developers are really delivering a first class product, with designs that are second to none.</div><div>“The southerners are coming in but it’s the local guys who are creating something special. They are the people delivering suburb changing developments.”</div><div>This article has been re-produced from The Courier Mail. Authored by Chris Herde.</div></div>]]></content:encoded></item></channel></rss>