CC Real has entered the Australian non-bank lending market via the acquisition of a 50% stake in Sydney-based Madigan Capital.
Madigan Capital currently manages AUS$1 billion of institutional capital and has issued over AUS$250 million of new loans in 2020 for industrial, commercial, retail, social infrastructure, student housing and residential properties in Melbourne, Sydney and Brisbane.
Fabian Kaufmann, Founder and Managing Partner and Barry Brakey, Managing Partner of CC Real, said, “As we look to expand our commercial real estate INVESTMENT presence globally, we identified Madigan Capital as a promising partnership to capitalise on the opportunities that will arise with the anticipated rise of the non-banking debt capital market.”
In Australia, the share of non-bank lending in the commercial property market is expected to increase to a value of $50 billion by 2024.
Madigan Capital was founded in 2017, initially as a joint venture between Michael Wood, a 25-year veteran of the non-banking real estate lending business in Australia, the US and Europe, and RF Capital, a private fund management company. With RF Capital focusing on its wholly-owned real estate lending business, RF Eclipse, the chance to join arose for CC Real.
CC Real is currently in the process of launching its first real estate INVESTMENT fund (EUR 100 million capital) with its in-house FMA-licensed AIFM CCRF Management GmbH. In the future, CC Real also plans to launch “Real Estate Debt Funds” for the European market, together with the professional expertise of Madigan Capital.
