Aqualand Group, the Australian integrated property development group, and Qualitas, one of Australia’s leading alternative real estate investment managers, have announced a A$600 million ($377 million) funding package, which is believed to be one of the largest property development project finance arrangements provided by an alternative financier in Australia.
Aqualand Group will use the finance to complete the construction of their mixed-use AURA by Aqualand luxury residential, retail and commercial development project in North Sydney.
Wayne Mo, CEO AL Capital Holding, Aqualand Group’s fund management arm, and Acting CFO Aqualand, said the partnership with Qualitas has come at an important time in the company’s progression.
“Aqualand is currently in the midst of its strongest growth period and is well placed to be at the forefront of property development in Australia for decades to come. Strategic partnerships of this nature will assist us in making thi
