MELBOURNE, AUSTRALIA 18 July 2019 – MaxCap Group (MaxCap), a leading CRE debt investment manager has delivered one of the largest single
commercial office construction funding facilities in Australia.

The construction facility is for the Midtown Centre, a premium office redevelopment in the centre of the Brisbane CBD. The Project will join two towers to create a modern 45,000sqm, 26 level office building with large 1,850 – 2,500 sqm campus style floorplates, featuring 3,000 sqm of landscaped balconies, terraces and rooftop gardens, and one of the largest end of trip facilities in Brisbane. The project is underpinned by Rio Tinto as an anchor tenant, having committed to around 20,000sq m in the building. Hutchinson Builders have been on-site since April and the building is scheduled for completion in mid-2021.

Commenting on the transaction Eddie Law, MaxCap’s Executive Director Investment NSW/QLD/ACT said, “At a level of greater than $360million, this is possibly the largest single hold for development finance ever in Australian history and represents a watershed moment for the non-bank finance industry.
From MaxCap’s perspective, it’s a testament to the talented team we have built both nationally but more specifically in NSW and Queensland.”

The project is being developed by the Ashe Morgan Group and DMann Corporation. Mendy Moss, Principal of Ashe Morgan Group stated “We appreciate the focused and professional support of the entire MaxCap team in organising this facility which provides all the funding necessary to complete the project and allows the AM/DMann team to focus on delivering this landmark development”.

Mr Michael Nitschke MaxCap’s Investment Director Qld said, “This directly fits our strategy to partner with high quality sponsors with market leading assets
and it is well supported by our institutional investor partners.”

The Australian CRE debt market is an investment strategy that is increasingly carving its place as a stand-alone asset class in institutional portfolios. In
addition to local funds, international capital continues to flow into the Australian CRE debt market. Dutch asset manager APG Asset Management has recently
awarded MaxCap an exclusive investment mandate committing up to A$600million in Australian real estate debt.