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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Challenger to establish real estate debt business

By Staff Reporter
10 November 2009 | 1 minute read

Challenger Financial Services is gearing up to launch a real estate debt business that will lend against high quality commercial properties.

According to a report in The Australian Financial Review, Challenger’s move into real estate debt follows its decision to sell down some direct properties in Australia including the George Street Cinemas in Sydney and Melbourne’s jam factory complex.

Challenger’s head of real estate Trent Alston said the company would capitalise on conditions that are favourable to property lenders.

Attracted by the relatively high margins on offer, Challenger would allocate about $300 million to pursuing senior debt opportunities, targeting assets with strong cash flows.

The business will be run by Challenger’s real estate and fixed interest teams and will lend against high quality shopping centres, office buildings and industrial parks.

“Within the pipeline, we have loans from $50 million to in excess of $400 million...we’d have to work with a syndicate [for that size],” he said.

 

Challenger to establish real estate debt business
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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.