CC Real 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 2021 CC Real entered the Australian non-bank lending market, acquiring 50% of Madigan Capital.  
  • Madigan Capital manages over AUD $1 billion of funds on behalf of Australian institutional investors, investing in non-bank Corporate Real Estate (“CRE”) debt. 
  • This is a joint venture with the management team and CC Real Investment Arm.
  • CRE debt is an alternative access point to the real estate sector. 
  • Unlike the US, for example, the Australian market has historically been dominated by the traditional banks.
  • Borrowers appreciate the flexibility, speed & certainty that Madigan Capital provides as an alternative lender.


  • Lend against quality assets to enable their acquisition, refinance, repositioning & construction.
  • Deliver an equity like long-term return but with lower volatility and with downside protection.
  • The venture diversifies CC Real both geographically and across the real estate capital stack, supplying valuable market insights through the property market cycle.
Barry Brakey Michael Wood Madigan Acquisition CC Real