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The Weekend Australian: MaxCap Group

Apr 13, 2015
MaxCap Investment Platform

Hedge fund giant Apollo Global Management is among an international syndicate backing Young Rich-lister Tim Gurner’s ambitious Brisbane development.

The US-based company has provided $20 million to finance Mr Gurner’s triple-­tower development in Fortitude Valley.

Apollo holds interests in businesses as diverse as Nine Entertainment and Leighton’s new services and ­construction joint venture within its international assets under management of $160 billion.

Mr Gurner established a joint-venture arrangement with Singapore-listed Thakral last year for the $600m project.

Its $220m finance facility is being underwritten by ANZ Bank for $180m and Australian property debt provider MaxCap, which facilitated the finance, for the remaining $20m.

This article can be read in full on The Weekend Australian website.