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Craig Boshard

Property Development and Real Estate Professional

Summary

Knowledgeable and experienced Real Estate Professional with local and international experience, working for large listed Property Funds, and with a broad understanding of a variety of real estate projects including large scale civils and building projects, High Density Residential, Logistics and Warehousing, as well as large regional retail developments both in Africa and Central Eastern Europe. A proven track record of successfully planning, leading, organising, controlling and coordinating multiple project teams both locally and abroad. Comes with a limited but reasonably established network of listed property fund executives, developers, engineers, architects, and various other real estate professionals primarily in South Africa and CEE.

KEY QUALIFICATIONS

  • Experienced in working for large listed property funds in Retail, Office and Logistics sectors.
  • Experienced in large real estate project planning, development, and management.
  • Understanding of corporate real estate leasing, mergers, acquisitions and disposals.
  • Ability to manage diverse portfolios of corporate real estate.
  • Experienced in the use and town planning of commercial real estate. 
  • Good negotiating, collaboration and communication skills.
  • Self driven, energetic and highly motivated individual. 
  • Solid technical background in Construction & Construction Contract Management.

CORE CAPABILITIES

  • Due Diligence
  • Asset Management
  • Real Estate Development
  • Profit & Loss Management
  • Financial Planning & Forecasting
  • Project Feasibilities
  • Pro-Active & Innovative
  • Contract Negotiations
  • Team Building/Leadership
  • Client Relationship Management
  • Judgement/Problem Solving
  • Anticipating Economic Climates
  • Diverse Market/Industry Knowledge
  • Strong Leadership & People Skills

Work experience

March 2019Present

Other Business Interests

Knysna Yacht Company

In planning a return to South Africa, my family and I decided to relocate to an idyllic location and way of life in the small town of Knysna, in the Western Cape. As part of a planned sabattical from corporate I purchased/invested into a boutique yacht/boat yard in 2017. The company has been building a range of world-class 50-foot blue ocean sailing catamarans for the past 18 years. The company employees a full time executive management team capable of running the business without the need of my day to day involvement. 

https://knysnayachtco.com

July 2018Feb 2019

Development Director Central Eastern Europe

NEPI Rockcastle PLC (Rockcastle Poland Sp z o o merged with NEPI in 2018)

NEPI Rockcastle (Formed of a Merger between NEPI - New Europe Property Investments, and Rockcastle Global Real Estate), is the premier owner and operator of shopping centres in Central and Eastern Europe (CEE), with a presence in nine countries and an investment portfolio of €6.3 billion as at 31 December 2019. 

Key achievements:

  • Member of the merger and acquisitions team.
  • Responsible for the technical due diligence on all properties in the portfolio prior to the merger between NEPI and Rockcastle in 2017/2018.
  • Responsible for the design, planning and permitting, construction contract negotiations, execution and reporting for all real estate development projects before and after the merger.
  • Responsible for the technical and operational management of all properties throughout the merger process.
  • Based in Warsaw Poland, and Reporting into the London-based, Rockcastle CEO, Spiro Noussis, I was appointed as the Development Director for Poland, Czech Republic, Hungary, Lithuania, Latvia, Estonia. 
June 2015June 2018

Development Director

Rockcastle Global Real Estate

Appointed as the Development Director tasked with amongst other things the establishment of a new office for Rockcastle Poland Sp z.o.o, (A wholly owned subsidary of the retail focused listed Property REIT Rockcastle Global Real Estate, based in Warsaw Poland), which was established to spearhead and execute the companies growth ambitions and strategy into Central and Eastern Europe.

As a member of the core Rockcastle Poland Sp.z.o.o team, my key achievement (and one of my career highlights) came in the assembly and redevelopment of a formidable Retail Portfolio of over 16 shopping centres across multiple countries in Central Eastern Europe in only a 4-year period.

Primary Responsibilities:

Reporting into the London-based CEO and as a member of the Executive Committee, my initial responsibility was that of establishing the new CEE Office based in Warsaw, Poland, including negotiating new office leases, design and fit-out of the new offices, establishing a new team of staff incl. project managers, asset managers and financial staff to support and manage the day to day operations of the CEE head office and portfolio of CEE retail centres. 

Aside from setting up and establishing the new CEE office in Warsaw, the core mandate of the Development Director was to extract value and ensure the ongoing growth and value proposition of all the assets being bought into the portfolio. This was achieved through various means including but not limited to the complete redevelopment of assets, expansion of assets to increase GLA and associated income, as well as re-looking the tenant mix with the asset managers in order to optimize tenant size and mix in each retail centre. The ongoing technical maintenance and management as well as the installation and relocation of key tenants within each asset, also fell within the scope of the Development Director role.  

Director Roles & Responsibilities:

  • Prepared OPEX and CAPEX budgets in preparation for and understanding of, the offers to be made on any potential acquisitions;
  • Prepared, presented and reported on feasibilities for new developments;
  • Prepared and reported on the ongoing project based P&L for all developments;
  • Prepared, presented and reported on the ongoing yields/returns on all the developments and for the portfolio as a whole;
  • Prepared, presented and reported on the progress and project status including time, cost and quality for individual developments as well as the portfolio as a whole;
  • Ensured the development teams for each region were sufficiently staffed and qualified;
  • Recruitment of local development managers.

 

Project Related Roles and Responsibilities:

With a development team of around 8 people, the Development Director fulfilled an oversight role with regards all real estate projects in the portfolio, which included amongst other things the following...

  • Technical due diligence on all buildings prior to acquisition;
  • Appointed and led the various design and engineering teams for the redevelopment of the assets.;
  • Appointed and led the planning and permitting teams and processes;
  • Managed an in house team of  5 Development Managers based in the various regions;
  • Negotiated, reviewed and signed all Professional Services Agreements i.e. architects, cost consultants, etc;
  • Negotiated, reviewed and signed all the General/Main Contractor Construction agreements;
  • Attended high-level meetings with various political figures, and negotiated the necessary planning and permitting rights for the development redevelopment rights.

Below is a list of all the transactions which were concluded during my tenure as the Development Director for the Rockcastle Poland Sp. z.o.o Real Estate team. (Transaction Values; both Aquisition & Redevelopment, have been omitted for NDA and confidentiality reasons, but are available on request and with prior consent)

Polish Acquisitions:

Alfa Centrum Bialystok,

36 900m2 Retail Asset Acquisition & Redevelopment

Professional Team Appointed

Redevelopment Design, Planning & Permitting completed.

Construction placed on hold due to a reprioritization of assets earmarked for redevelopment and Capital Constraints post-merger.

Aura Centrum, Olsztyn,

28 000m2 Retail Asset Acquisition & Redevelopment

Professional Team Appointed

Redevelopment Design, Planning & Permitting completed.

Construction placed on hold due to a reprioritization of assets earmarked for redevelopment and Capital Constraints post-merger.

Bonarka City Centre, Krakow,

92 700m2 Retail Asset Acquisition & Redevelopment

Professional Team Appointed.

Design, Planning & Permitting completed.

Construction Started, and currently still underway.

Focus Mall, Zielona Gora,

27 279m2 Retail Asset Acquisition & Redevelopment

Professional Team Appointed.

Design, Planning & Permitting completed.

Construction Started, and currently still underway.

Galeria Tomaszow, Tomaszow Mazowiecki,

New 18 400m2 Retail Asset

Professional Team Appointed

Design, Planning & Permitting completed.

Construction Completed

Opened in 2019.

Galeria Warminska, Olsztyn,

41 497m2 Retail Asset Acquisition & Redevelopment

Professional Team Appointed

Redevelopment Design Completed.

Garleria Wolomin, Wolomin,

New 30 700m2 Retail Project

Professional Team Appointed

Design, Planning & Permitting completed.

Construction Completed

Opened 2019

Karolinka Shopping Centre, Opole,

70 700m2 Retail Asset Acquisition & Redevelopment

Professional Team Appointed

Design, Planning & Permitting completed.

Platan Shopping Centre, Zabzre,

39 900m2 Retail Asset Acquisition & Redevelopment

Design, Planning & Permitting completed.

Construction Completed

Opened 2018

Pogoria Shopping Centre, Dabrowa Gornicza,

37 700m2 Retail Asset Acquisition & Redevelopment

Professional Team Appointed

Design, Planning & Permitting completed.

Construction placed on hold due to reprioritization of assets for redevelopment and Capital Constraints post-merger.

Solaris Shopping Centre, Opole,

26 000m2 Retail Asset Acquisition & Redevelopment

Design, Planning & Permitting completed.

Construction Started, and currently still underway.

Hungarian Acquisitions:

Arena Mall Budapest,

65 800m2 Retail Asset Acquisition & Redevelopment

Construction placed on hold due to reprioritization of assets for redevelopment and Capital Constraints post-merger.

Mammut Shopping Centre, Budapest,

56 400m2 Retail Asset Acquisition & Redevelopment

Construction placed on hold due to reprioritization of assets for redevelopment and Capital Constraints post-merger.

Czech Republic Acquisitions:

Forum Liberec, Liberec, 

46 600m2 Retail Asset Acquisition & Redevelopment

Forum Usti Nad Labem, 

27 700m2 Retail Asset Acquisition & Redevelopment

Professional Team Appointed, Early Stages of Design, Planning and Permitting

Construction placed on hold due to reprioritization of assets for redevelopment and Capital Constraints post-merger.

Lithuanian Acquisitions:

Ozas Shopping Centre, Vilnius,

61 700m2 Retail Asset Acquisition & Redevelopment

Professional Team Appointed, Early Stages of Design, Planning and Permitting

Construction placed on hold due to reprioritization of assets for redevelopment and Capital Constraints post-merger.

Reasons for Leaving:

Cultural concerns post the merger along with personal considerations led to my resigning from the Group and returning to South Africa.

Jan 2009June 2015

Development Manager

Resilient Property Income Fund

Resilient is a Real Estate Investment Trust (REIT) which has been listed on the Johannesburg stock exchange since December 2002. It owns a portfolio of dominant regional malls and shopping centres tenanted predominantly by national retailers.

https://www.resilient.co.za/

I joined the group as one of four Project / Development Managers, responsible for amongst other things the following:

  • The appointment and management of the full team of development professionals
  • The scrutinizing and compilation of development designs and feasibilities compiled by the PQS.
  • Presenting the feasibilities to the board for approval.
  • Management of both the professional team and contractors, from their appointment and Inception of the development through to the design phase, ultimately to the execution and completion of the project.
  • The management of the town planning process, so as to ensure all the required development rights and zonings are in place for the successful implementation of the development. Including liasing with the relevant local and national government authorities.
  • Ensuring compliance with all regulations including National Building Regulations, SANS 10400 regulations, Local Council regulations and Occupation Health and Safety Regulations.
  • Financial management of the development including the development of monthly cost reports and detailing the financial position of the development. 
  • Managing the development scope and reporting on the financial implications which any variances from the original scope will have on the final viability or ROI.
  • Managing the Contractor in accordance with JBCC Principle Building Agreement.
  • Also responsible for the Management of any major redevelopments, extensions, maintenance work or upgrades to any of the assets in the fund.
Aug 2004Jan 2009

Construction Project Manager

Summercon Holdco. (Pty) Ltd.

Resposibilities:

Persons employed in a Project Management capacity were generally responsible for everything construction related from the site handover up to and including the handover of the completed units to the end users/clients. Amongst others these were some of the more noticeable responsibilities:

  • Planning & Programming of Construction Works
  • Measuring and pricing the BOQ
  • Preparation of the Development Budgets
  • Adjudication of subcontractor tenders & prices
  • Management & Supervision of all Subcontractors
  • Monthly subcontractor payment certificate authorization
  • Variation order management, control and implementation
  • Snagging of all units prior to handover
  • Monitoring the construction program and ensuring a timeous completion and handover to the clients
  • Material ordering and controls
  • Ensuring all council documentaion and certificates in place prior to handover

Completed Summercon Projects:

"Sunset Boulevard"  ZAR110 million (2007 - 2008)

110 Units/Ha Development comprising 389 Units

"Cara Bianca"  ZAR40 million (2006 - 2007)

40 Units/Ha Development comprising 104 Units

"The Pinnacle"  ZAR30 million (2006 - 2007)

70 Units/Ha Development comprising 122 Units

"Sibiti Private Estate" ZAR90 million (2005 - 2006)

70 Units/Ha Development comprising 151 Units

"Tezula Private Estate" (2005 - 2006)

Freehold Development (Civils Only)

"Castellet Country Estate"  ZAR25 million (2004 - 2005)

Freehold Development

"Broadacres Country Estate" ZAR40 million (2004 - 2005)

Freehold Development

Jan 2001Jul 2004

Site Engineer

Concor Construction

Coega Deepwater Port(2003-2004)

Site Engineer on Marine Works - Container Quay wall

Marine Works Contract Value Approx. ZAR1,4 Billion

Responsible for:

  • General Management of Container Berth Quay Wall
  • Programming & Planning of Container Berth Quay Wall
  • Material Ordering
  • Managing 10 Foreman & Labour Force of approx. 200+
  • All QA/QC Inspections
  • Setting out levels etc.
  • Liaising with all Sub-contractors
  • Unit Costing
  • Plant Reports, Daily Diaries etc

New Student Accommodation at UPE(2002)

Part time work while completing my Honors Degree

Clerk of Works for University of Port Elizabeth

Contract Value Approx.ZARR18 Million

Responsible For:

  • Liaising between Client & Contractors
  • Ensuring all QA/QC Documentation & Inspections up to date
  • On site quality control & assurance
  • Measuring up of work for payment, and payment certificates

New Domestic Terminal at Johannesburg International Airport (2001)

Student Site Engineer

Contract Value Approx. ZARR350 Million

Responsible for:

  • Programming & Planning of Conrete Works
  • All QA/QC Inspections
  • Liaising with all Sub-contractors
  • Unit Costing – Helped to implement new TDS (Time & Data System), for the monitoring of labour productivity.
  • Plant Reports, Daily Diaries etc

Interests

Business & Investment

Building & Construction

Property & Real Estate 

Flying

Fishing & Boating

General Outdoors

Rugby

Education

Jan 2001Dec 2002

BSc. (Hons) Construction Management

University of Port Elizabeth

Final Year Subjects:

  • Construction Management
  • Project Management
  • Building Science
  • Property Economics
  • Building Economics
  • Professional Practice for Construction Management
  • Commercial Law
  • Company Law
  • Mercantile Law

Awards & Achievements:

  • The Concor Award - 2002 (Excellent Achievement in Building Science)
  • The Grinaker ~ LTA Prize – 2002 (Excellent Achievement in Construction Management Over Three Years)
  • The Afri-Coast Engineers Award - 2002 (Top Student in Health & Safety in any year of Study)
  • Awarded a Concor (Pty) Ltd. Bursary for the completion of an Honors Degree in Construction Management - 2001
Jan 1998Dec 2000

BSc. Construction Studies

University of Port Elizabeth

Awards & Achievements:

  • The Grinaker ~ LTA Prize - 2000 (Excellent Achievement in Building Science)
  • The LTA Limited Prize - 1999 (Excellent Achievement in Building Science)
Jan 1992Nov 1996

Grade 12 / Matric

St. Albans College

Leadership Roles & Achievements:

·Head of the Top Boarding House

·Won “Top Boarding House” Trophy

·College Prefect

·Member of School Parliament

Sporting Achievements: 

·1st Team Athletics

·1st Team Squash

·2nd Team Rugby

Certifications

20012002

BSc. (Hons) Construction Management

University of Port Elizabeth
19982000

BSc. Construction Management

University of Port Elizabeth

Advanced Open Water Diver

Advanced Open Water Diver

Private Pilot

Private Pilot

Private Pilot (Aeroplane) with night rating and approximately 200 hours total time.

REFEREES

Contact details provided upon request

Spiro Noussis

Rockcastle Global Real Estate & Later NEPI Rockcastle CEO

Direct Report

Steve Brown

Current Fortress Property Fund CEO & Member of the board

Indirect Report

Andrew Texeira

Ex Fortress Property Fund CEO & Member of the Board.

Indirect Report

Mark Stevens

Ex Fortress Property Fund CEO & Member of the Board.

Direct Report

Desmond De Beer

Resilient Properties CEO & Member of the Board.

David Lewis

Resilient Properties Development Director & Member of the Board.

Direct Report