Qualitas announces a credit mandate for AU$1 billion with an institutional investor

May 08, 2023

Qualitas Limited (ASX: QAL) announced that it has signed a mandate with a global institutional investor to invest up to AU$1 billion in Australian commercial real estate (CRE) private credit opportunities. The mandate is available for investment in tranches, of which AU$220 million is activated and ready for deployment by two residual stock loans (RSLs), with a mandate to lend across all CRE sectors, for a total of about AU$109 million in immediate deployment.

The standard fund investment criteria and conditions will apply to the deployment of the remaining AU$111 million. The company stated that there is no guarantee that the remaining AU$780 million will be activated in all or in part because it is still pending additional clearances and requirements.

 

 

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