The deal involved a funding package for a project managed by the Consolidated Properties Group
Maddocks has advised Qualitas, an ASX-listed alternative real estate investment manager, on the funding package for the Monarch Residences development.
The funding supports the Brisbane-based development, which is managed by the Consolidated Properties Group and is set for completion in late 2025.
“We are delighted to once again advise Qualitas on its funding facility for this significant project in Brisbane, and to support on such a significant project,” stated banking and finance partner Ilan Kraus. He added that the deal marks another step in Qualitas’ expansion plans as it continues to build its market share across country.
Kraus and special counsel Trent Chugg led the Maddocks team in this transaction. They were supported by construction partner Sefton Warner.
Maddocks worked with Qualitas previously on the AURA by Aqualand development in Sydney in October 2022, which the firm described as one of the biggest alternative finance facilities in Australia.
Located in Toowong, the Monarch Residences development spans 1.2ha and will have 224 apartments and penthouses distributed across two buildings. The development has a 130-metre frontage to the Brisbane River.
Ilan Kraus was named as Dealmaker of the Year in Australasian Lawyer’s first-ever Dealmakers of the Year report. Read here.
