Luke Foster is a full time property developer and Managing Director of his own property development company, the Luke Foster Group. At the age of 19, Luke established the firm in 1998 and is now one of Adelaide’s better known and highly respected property developers on the residential scene.
For more than 18 years, Luke has focussed primarily on residential property development including land divisions, apartment buildings, low to medium density unit groups, as well as high end, purpose built developments of single, double or triple site projects.
Luke’s development company consistently has over 50 residential properties under construction / management (or pending construction) with a combined value in excess of $60 million.
There are three key elements of Luke’s company with respect to property development. He develops his own projects, he develops projects with (known) qualified investors and he engages in development consultancy and private advisory.
Since inception, Luke’s company has changed the face of residential property development in Adelaide by creating and delivering landmark projects throughout the South Australian landscape. In particular, Luke continues to make press headlines with his spectacular waterfront projects and iconic city fringe acquisitions.
Luke has carved a niche in Adelaide’s premium residential localities to provide saleable, flexible and affordable housing that continues to not only meet, but exceed the quality expected, and lifestyle requirements of Adelaide residents. Luke aims to develop real estate at all price points and as such, has a practical understanding of what is expected from the multitude of buyer groups.
In essence, he identifies market shortages within specific growth areas, researches the buyer profile and creates a development product that is best suited to the proven demand requisite of that locality.
Integral to his success is a clear focus on impeccable ethics and a willingness to challenge himself when delivering a development solution to any real estate opportunity.
Luke will often partner development projects with like – minded industry leaders. In association with the Luke Foster Group are various other development entities, for which Luke assumes complete control with his Co – Directors for partnership ventures.
Luke is a keynote speaker and advisor at corporate real estate functions, studied a Bachelor of Management (Property & Marketing) and holds a variety of other qualifications from the Real Estate Institute of South Australia (REISA).