MaxCap Group, one of Australia’s leading real estate financiers, has provided Deicorp Group (Deicorp) with a first mortgage construction facility for its $185 million Rosebery development known as ‘The Rothschild’.

Located at 12-22 Rothschild Avenue, ~ 6km south of the Sydney CBD, The Rothschild will comprise 176 residential apartments with ground-floor retail space across two buildings over two levels of basement parking. The development is designed by award-winning architects Candalepas & Associates. Construction has commenced with completion expected in late 2024.

Rosebery is experiencing a significant urban renewal and gentrification, as it transitions from warehouse and industrial land uses to a vibrant inner-city precinct with high-density mixed-use developments and supporting infrastructure. The development is located within walking distance to Green Square train station, bus routes and benefits from close proximity to amenities such as East Village Shopping Centre, primary schools, the University of New South Wales, as well as a key road Southern Cross Drive.

“Deicorp is one of Sydney’s largest and most reputable private developers which aligns perfectly with MaxCap’s institutional capital base. Well-designed residential projects in locations like Rosebery continue to be in demand despite changing economic conditions.” said David Oudshoorn, MaxCap State Director, NSW.

“Despite recent interest rate rises putting pressure on house prices and mortgage availability, we remain very positive on the Sydney residential apartment market, particularly for strong developers and great projects like The Rothschild, due to the ongoing supply challenges in this market.”

Deicorp’s Executive Manager of Communications, Rob Furolo said ‘The Rothschild’ was already proving popular with buyers and investors looking to secure their city-fringe property.

“We’re experiencing strong interest from purchasers looking to secure a stylish, elegantly designed apartment on the edge of Sydney’s CBD. Rosebery’s renaissance as a foodie destination makes these luxury apartments even more appealing,” according to Furolo.

MaxCap Group Australia’s leading commercial real estate investment Manager has today announced three new appointments to its team.

Haley Devine has joined as Director, Capital (Wealth Management) responsible for increasing discretionary funds under management by executing product and relationship management strategies with a focus on wealth managers and distribution platforms. Haley joins MaxCap from Wingate and previously worked for Vanguard Investments in distribution sales covering broking, private wealth and research houses. Before this she spent 14 years in London working for Citi, Goldman Sachs and HSBC in various sales and client management roles. She reports to Rob Hattersley, Group Head of Capital and is based in Melbourne.

Josh Periera has joined as Investment Director. Based in Melbourne, he will focus on relationship management of existing asset owner and developer clients and origination and execution of real estate transactions. Josh joins MaxCap from a 14-year career at NAB in corporate banking specialising in commercial real estate, construction and healthcare. Prior to NAB he worked for KPMG for four years in Audit and Advisory with a financial services focus. He will report to State Investment Director, Victoria Johnny Woodhouse.

Scott Robertson has been appointed as an Associate Director Construction Risk. Based in Sydney, he will deliver specialised construction advisory, approval, and management services throughout the entire life cycle of real estate loans. Scott joins from NAB where he spent nine years in various departments (Construction Risk, Credit, and Investment), his most recent role as a Senior Business Banking Manager. Prior to NAB, he spent five years at Commercial Industrial Property as contracts administrator and in a construction company as project manager. He will report to Royston Toh, Head of Construction Risk.

Commenting on the appointments, Wayne Lasky MaxCap’s Executive Chairman said: “We are thrilled to have Haley, Josh and Scott join the MaxCap team. Their calibre and experience will strengthen our wealth management, investment and risk teams respectively.”

Australia’s leading commercial real estate financier, MaxCap Group, announced that it delivered a record year in 2022, including a 14% increase in fund assets, strong deployment of A$2.8 billion and significant team growth to support origination and capital formation.

2022 also marked MaxCap’s first year as a strategic investment partner of Apollo (NYSE: APO), one of the world’s leading alternative asset managers. In late 2021, Apollo acquired a minority stake in MaxCap Group as part of an innovative strategic partnership designed to accelerate MaxCap’s growth in Australia and New Zealand.

In the past 12 months, MaxCap effectively navigated a challenging macro-economic environment to achieve record calendar year performance with strong growth in funds under management of 14% to circa A$7.0 billion. This included delivering A$2.8 billion of new capital across loans and investments with a healthy forward pipeline of more than A$6.0 billion.

MaxCap also launched two new unlisted equity funds in Australia and New Zealand, the A$250 million MaxCap Diversified Opportunity Fund and the NZ$200 million MaxCap / Winton Medium Density Development Fund.

Throughout the year, MaxCap invested heavily in its platform, making 30 new hires to support its continued scaling across both origination and capital raising. Of particular note was MaxCap’s recent appointment of leading industry executive Rob Hattersley as Group Head of Capital.

Mr. Brae Sokolski, Executive Director, MaxCap said: “I am incredibly proud of MaxCap’s stellar performance under adverse trading conditions. Irrespective of the economic cycle, MaxCap always remains committed to supporting our clients and retains high conviction in the long-term fundamentals of the Australian real estate market.”

Mr. Matthew Michelini, Partner and Head of Asia Pacific, Apollo said: “At the one-year mark into our long-term partnership, we continue to be impressed by MaxCap’s performance, people, and breadth of capabilities. We look forward to supporting Brae, Wayne and the team as they enter 2023 with solid strategic momentum.”

MaxCap one of Australia’s leading Commercial Real Estate Investment Managers today announced three new appointments to its’ Capital team. The announcement follows on from the recent hire of industry veteran, Rob Hattersley into the role as Group Head of Capital in September 2022.

Commenting on the appointments, Mr Hattersley said “It is a momentous time for our industry and the sector which is particularly well positioned to deliver attractive risk-adjusted returns to an increasingly engaged investor market here in Australia and internationally. These new hires underscore the significant growth opportunities that exist.”

Ben Woolley will join as Associate Director, Capital. He brings more than 12 years of experience to MaxCap, more recently with AMP Capital’s Real Estate Equity Team. Prior to this he was a consultant with Frontier Advisors as was part of the Real Assets team responsible for research, specialist consulting support and relationship management of key superannuation accounts.

At MaxCap, Ben will be primarily responsible for executing capital raising strategies within the domestic wholesale market. He will be based in Melbourne and will report to Rob. He will start on 1 March 2023.

Hugh Thomson is joining as an Associate Director, Capital. He comes to MaxCap with 14 years of experience spanning commercial real estate capital markets across Asia Pacific. He joins from CBRE where he as Associate Director in their Capital Markets business based in Singapore having also spent considerable time based in Hong Kong. At CBRE, he was responsible for providing advice, fundraising for the Australian Office sector and relationship management of pension funds, sovereign wealth funds, and ultra-high net worth family offices across Asia.

Hugh’s role at MaxCap will include capital raising, targeting family offices and private investors in Asia and ongoing relationship management. He will start on 8 December 2022 and be based in Sydney reporting to Ben Klein, Head of Private Capital.

Liam Howley joins MaxCap as an Associate, Private Capital from The SILC Group. His previous role was an Associate in their Capital Solutions team responsible for wholesale capital raisings with a focus on product development, investor collateral and book builds.

At MaxCap, he will have a similar role supporting private capital fundraising and creating business development material to support origination. Liam will also report to Ben Klein. He starts on 5th December and will be Melbourne based.

Mr Hattersley said “I am delighted to welcome Ben, Hugh and Liam to our team. They each bring fantastic experience and will bolster MaxCap’s existing capital origination and relationship management team. I look forward to working with them to expand on our track record of delivering superior returns for our investment partners”.