Luxury property developer Tim Gurner has announced a partnership with Qualitis designed to fast-track his expansion plans

The significant equity allocation of up to $150 million by Qualitas will further bolster the developer’s $5.7billion  portfolio, with a focus on acquisition opportunities across Melbourne, Sydney, Brisbane, Perth and New Zealand.  

In the past 12 months, the developer has settled three projects worth a combined $300m plus, achieved permit approval on its massive 10,000sqm, $1b precinct in Fisherman’s Bend, launched Atelier in Collingwood, commenced construction on two major projects Saint Moritz and Victoria and Vine, and acquired a number of off-market sites. 

At a glance:

• Luxury developer Tim Gurner has entered into a strategic agreement with Qualitas for an equity allocation of up to $150m.
• In the past 12 months, the developer has settled three projects worth a combined $300m plus, achieved permit approval on its massive 10,000sqm, $1b precinct in Fisherman’s Bend, launched Atelier in Collingwood, commenced construction on two major projects Saint Moritz and Victoria and Vine.
• The deal is designed to fast-track the developer's expansion.

Mr Gurner said the funds coming from the deal – which have already been raised by Qualitas and are ready for deployment as compelling deals present – would allow his company to take advantage of current market conditions and continue to diversify its portfolio.  

“Since settling three major developments this year in addition to FV last year, we are in a unique and strong position to not only ride out the downturn but really set ourselves up for the next 10 years, with a strong balance sheet and experience behind us," he said.

“Our motivation for seeking out a capital partner is to accelerate our ability to purchase, quickly settle and bring multiple sites to market across different asset classes, and diversify at scale over the next few years.

Tim Gurner (centre) with Mark Fischer (left) and Rohan Davis (right) from Qualitas. Source: Gurner™

"A partner like Qualitas who can turn around approvals for deals as we find them and has the capital already raised was key to our decision. 

“We are also keen to build on our portfolio of large-scale multi-staged developments like FV in Brisbane and Saint Moritz and take part in all of the important government tenders and sites that are usually dominated by the larger, slower-moving public companies."

The Victoria and Vine development. Source: Gurner™

He added the timing "felt right" with Qualitas sharing the developer's vision for the future.

"We have been fortunate to deliver some incredible projects and our brand is well-established and poised for rapid growth," he said.  

“The team at Qualitas is extremely sophisticated and it has been a  pleasure dealing with them and we know this will only be the start of a very long and successful partnership together."

Qualitas Global Head of Real Estate and co-founder Mark Fischer said the firm had watched Mr Gurner's team over the past decade and noted the demonstrable track record.  

An artist's impression of the Saint Maritz development. Source: Fender Katsalidis

“Our Opportunity Fund series has over a long period of time been highly successful in partnering with best of breed developers," he said.

"We did, however, find 2019 and early 2020 a difficult market to deploy in due to stretched pricing and so are excited about the current environment."

Andrew Schwartz, Group Managing Director and Co-Founder of Qualitas, said the current environment was well suited to the company and its development partners.

“We expect the creation of this platform with Tim Gurner and his team to generate significant deal pipeline and compelling risk adjusted returns for our funds,” he said.. 

Click here for more information about Gurner™ projects. 

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