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AustralianSuper's $360m commercial debt loan in Brisbane

Finance Markets / Latest Activity

Australia

Jul 24 2019

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AustralianSuper as sole debt funder via MaxCap has provided a $360 million senior debt facility, one of the largest debt facilities ever provided in Australia, to develop Brisbane's new home for mining giant Rio Tinto.

The Ashe Morgan-owned Midtown Centre in the Brisbane CBD will be a 45,000sqm single office tower and is a refurbishment of the two existing former Health and Forestry buildings at 155 Charlotte Street and 150 Mary Street. The Fender Katsalidis design creates a new role for older buildings with floorplates too small to meet modern demands, by combining the two older towers.

 Work on site by Hutchinson Builders has begun, and completion is scheduled for mid-2021.

 

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