Maddocks has advised global alternative asset manager MA Financial Group, on a $380 million institutional funding for the delivery of the $540 million Burly Residences development in North Burleigh. 

This is the first residential project that MA Financial Group has funded via its $1 billion Australian Real Estate Credit Vehicle, in partnership with one of Asia’s largest real estate investors, Warburg Pincus. 

This funding strengthens the position of Burly Residences as one of Australia’s most significant premium residential projects currently under construction.

The Maddocks team was led by Banking & Finance Partner, Ilan Kraus and Special Counsel, Colin Baker and was supported by team members Joanne Ong and Annabel Zampatti. Construction & Projects Partner, Sefton Warner and Special Counsel, Michael Copeland advised MA Financial on the construction aspects.

Partner Ilan Kraus, said: “We’re delighted to have supported MA Financial on this institutional funding for this premium residential project in Queensland. This transaction highlights Maddocks strong expertise in real estate financing and our focus in the development sector.”