Metro gets $90m loan from Hong Kong hedge fund for Brisbane tower

Jan 26 2017 by Larry Schlesinger One of the country's biggest private developers, Metro Property Development, has negotiated a $90 million senior loan with Hong Kong-based hedge fund OCP Asia to fund the construction of an apartment tower in Brisbane. Metro's deal with OCP comes as the major banks pull back from lending into the [...]

2017-06-08T13:23:49+00:00 By |Financial|

Asian credit hedge fund goes where Aussie banks fear to tread

OCP Asia was a funder of the conversion of the 100 Harris Street wool warehouse into a residential and commercial property site. (Picture: Steven Siewert) Australian Financial Review Jan 12 2017 by Jonathan Shapiro One of Asia's top performing hedge funds is deploying more money than ever in Australia as banks retreat from property development, resources [...]

2017-06-08T13:24:23+00:00 By |Uncategorized|