Stuart who was previously Manager for APP’s project management business in WA, replaces Cliff Winby in the role.
APP CEO Adam Castro confirmed the appointment by stating: “Stuart Bell is widely known and well-respected across Perth’s property industry. He has capably managed and expanded our project management business in Western Australia during his time with APP. I’m confident that Stuart will continue to build our business across all sectors, off the back of what Cliff Winby has achieved over the last 14 years.”
Stuart has worked on both sides of Australia’s coast during his 20-year career and spent several years in Sydney in consulting as well as client-side roles with CBRE and Westpac. He has a background in construction management and economics, specialising in commercial and retail property-related projects. Joining APP in 2012, Stuart relocated to Perth to grow APP’s business in Commercial and Retail. He has introduced and worked with key clients in Perth such as Vicinity, Investa, Westpac, Quadrant Energy, Wesfarmers, Aurecon, Woolworths, Coles, Hoyts, GDI and Campus Living Villages whilst maintaining existing key clients such as, Perth Airport, DEXUS and Curtin University.
Commenting on the outlook for property and infrastructure markets in WA, Stuart expresses a level of confidence that’s largely been driven by the positive sustainable investment in the resource stock in a highly competitive market for building owners to sustain their tenant profiles. “The market is seeing land owners and developers investigating alternative uses to their current assets, with a growth of mixed-use development opportunity around the fringe of the CBD.”
He also sees the expansion of the Metronet network as a driver for development opportunities.
Whilst the retail market is softening, Stuart believes this presents opportunities for the local market: “Many centres are playing catch up with their ageing assets by providing an offer that responds to the local demographic needs and by expanding their offer to include entertainment and leisure precincts, coupled with adjoining residential options.”
“APP is excited to partner with our existing clients such as Curtin University and Perth Airport as they start to implement their master plans with a longterm investment strategy. The universities in WA continue to compete for students by investing in their built form assets.”