Banner provides residential development finance to Wallan, Victoria
25 March 2021
Melbourne, 25 March 2021:
Australian Real Estate Fund Manager Banner Asset Management have announced the settlement of the $20m 1st mortgage residential development to Wallan, Victoria.
The project known as ‘Neo at Newbridge’ will deliver a total of 71 townhouses, being a mixture of single and double story townhouses of 3 and 4 bedrooms to the fast growing northern corridor of Melbourne.
The project is located in the southwest corner of Wallara Waters Boulevard and Newbridge Boulevard within the Newbridge Estate, in the suburb of Wallan, located approximately 44 km north of Melbourne CBD. The development is well situated within proximity to all necessary amenities including parks, retail, education and public transport with the sponsor being an experienced developer having delivered various land subdivisions throughout Victoria.
About Banner Asset Management
Banner Asset Management is an alternative Australian asset manager specialising in the provision of debt & equity opportunities in the Australian real estate market. Banner seeks attractive risk-adjusted returns for investors while meeting the commercial needs for project partners. They are part of the Banner Group, with investment professionals located in Australia, Singapore and Japan.
Banner Asset Management is actively seeking new funding opportunities across Australia’s east coast, we provide quality risk-adjusted opportunities for investors while meeting the commercial financing needs of developers.
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