How Aria have honed their craft over the last two decades
Aria Property Group have come a long way since their first multi-residential development on the Sunshine Coast in the early 2000’s.
While they're currently creating some of the best apartment developments in Brisbane, in both sustainability and design, the path Aria and its senior management has taken over the last two decades wasn't a particularly well-trodden one.
I recently caught up with Aria's longtime Development Director Brent Liddell, who was a founding member of Aria alongside fellow Development Director Michael Hurley, Managing Director Tim Forrester, and Chief Financial Officer David Marsland.
The trio all went to school with each other on the Sunshine Coast.
"Tim and I have never not worked together," Liddell says, having worked with Tim's dad in the first holidays out of school.
Tim's dad was property developer Rod Forrester, who co-founded the previously ASX-listed developer FKP Limited. They at one time was the biggest owner and operator of retirement villages in Australia and New Zealand.
Liddell said the experience they got at such a young age from Rod and senior figures in the development industry was invaluable.
And while they spent the first six or seven years developing residential and industrial and even subdivision, everywhere from Ipswich and Caboolture and even the USA, Liddell says they learnt the hard way as they never became the master of anything.
"We call those the apprenticeship years," Liddell says.
The aforementioned "apprenticeship years" however came to an abrupt halt when the GFC hit Australia. It was then when Aria narrowed their focus just to Brisbane, and just to apartments.
Having grown up on the Sunshine Coast, their self-confessed lack of knowledge of Brisbane somewhat worked in their favour.
"We just sort of ended up here, but we never really understood the difference between north and South Brisbane as none of us were from there," Liddell recalls.
"South Brisbane had the art gallery's, Southbank, and all the transport infrastructure in place, but the prices were half the price of Fortitude Valley and New Farm. It never made any sense to us."
So Aria went on a spending spree in the early 2000's, and as the business grew, they decided to shift their focus primarily to Brisbane's inner south and create mixed-use project, and dispose of the rest.
They stake claim to the first completed project in Brisbane post the GFC in 2010, and haven't looked back. Since then they've ventured into the Gabba, Kangaroo Point, and East Brisbane.
Much like the GFC but not quite as challenging for Aria, the team were afforded a similar pause for breathe where they reviewed their next steps. And that next step was sustainability.
"Among the three of us we have something called BHAGs, Big Hairy Audacious Goals," Liddell says.
"We said: 'why not go on this quest for our fifth pillar of our developments as sustainability.'"
Aria had played with a few things over the years, trying out solar panels on the roof of projects, rain water harvesting and smart irrigation, double glazing, timers and sensors through our common areas, green walls and or extensive landscaping in every building.
"We knew we wouldn't see a huge return, but we also knew it was the right thing to be doing in the projects."
A render of the rooftop from Riviera. Image supplied
A render of the rooftop at Upper House Image supplied