Qualitas announces $661m credit mandate with global institutional investor

Qualitas, an Australian alternative real estate investment manager, has entered into a mandate with a global institutional investor that provides for up to A$1 billion ($661 million) to be incrementally available to Qualitas and invested into Australian commercial real estate private credit opportunities.

The mandate is available for investment in tranches, of which A$220 million ($146 million) is activated and available for deployment. The balance of A$780 million ($516 million) is subject to further approvals and conditions, and there is no certainty that it will be activated in whole or in part. Qualitas will coinvest up to A$30 million ($20 million) over the life of the A$1 billion ($661 million) mandate.

The mandate will be seeded by two residual stock loans (RSLs) for approximately A$109 million ($72 million) of immediate deployment, with a remit to lend across all commercial real estate sectors. The deployment of the remaining A$111 million ($73 million) is subj