Qualitas has established a real estate private credit platform in Europe and agreed to acquire the investment management business of U.K.-based Starz Real Estate.
The acquisition provides Qualitas with an established local team managing an existing loan portfolio backed by institutional capital. The move is part of Qualitas’ strategy to expand its commercial real estate private credit platform into international markets.
Founded in 2018, Starz is a commercial real estate private credit manager overseeing a £376 million ($503 million) commercial real estate credit portfolio across the United Kingdom and Europe. Under the acquisition agreement, Qualitas’ newly established European division will assume management of the existing portfolio, comprising 11 investments.
The total financial consideration for the acquisition is A$36.5 million ($26 million) and will be funded from
