By Lewis Jackson SYDNEY (Reuters) - Abu Dhabi's sovereign wealth fund, one of the world's largest, will double its investment in an Australian real ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSSYDNEY - Abu Dhabi's sovereign wealth fund, one of the world's largest, will double its investment in an Australian real estate private credit vehicle, the fund's manager said on Tuesday, as traditional lenders grow wary about the sector.
Co-founder Andrew Schwartz said in a statement Qualitas had A$2.3 billion ready to invest"as traditional financiers appear to continue to retreat, particularly in the residential and development sectors." The head of Dexus, one of Australia's largest office landlords said last week public bond markets were"effectively closed" for real estate companies while banks were becoming very particular about lending. Dexus remained well-supported by its banks, he added.
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