DAVID DEVINE: BACK & BUILDING BIG

DAVID Devine (pictured) has a sore back, a lingering niggle after a small operation a few months ago on a minor spinal problem.

But the irritation can’t stop him smiling. And why not? With much of the property sector in a world of pain right now, Devine and his privately owned Metro Property Development are attacking the market with energy and optimism.

With a development portfolio nudging $1 billion, and a joint venture arrangement with Indian property powerhouse Pearls Australasia turning into a marriage made in heaven, life is sweet for the 65-year-old.

“We are very bullish in a market people are saying is the worst they have seen in 20 years," Devine says.

“Brisbane is in the doldrums in terms of the property market, but not in the doldrums for Metro. We know what we are doing and there are people out there who love what we are doing."

Metro’s current bullish activity includes three fast-selling high-rise projects with Pearls in inner Brisbane, two other CBD fringe high-rise and commercial mix projects (and two others in the pipeline), along with advanced broad-acre housing development plans in regional Victoria (through Creation Homes) and a new foray into South Australia.

Two years after leaving his eponymous company, David Devine’s new property venture has nearly $1 billion in development projects under construction or in the pipeline. He reveals the secrets behind his latest success. Read the entire cover story by getting your copy of the April issue of Brisbane Business News - out soon at a newsagent near you.