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Sorrento’s Continental Hotel gets $80m makeover

Brisbane Times October 9th 2018 by Simon Johanson The sun is set to shine again on Sorrento’s Continental Hotel as developer Steller starts an $80 million redevelopment of the historic landmark. The ambitious, staged redevelopment of the Italianate-style hotel at the popular Mornington Peninsula seaside getaway, a short drive from Melbourne, is a joint venture [...]

2018-10-11T02:29:15+00:00 By |Uncategorized|

OCP Asia writes 3rd cheque for mining equipment company

Australian Financial Review August 10th 2018 by  Sarah Thompson  Anthony Macdonald Asia-based alternatives manager OCP Asia has tripled down on privately-owned mining equipment hire company National Plant & Equipment. Street Talk understands OCP Asia has written another $50 million cheque for National Plant in recent days, to take its exposure to the business to $185 million in [...]

2018-08-24T03:16:41+00:00 By |Uncategorized|

OCP Asia-backed Brisbane firm shapes as new IPO contender

Australian Financial Review Jul 5 2018 by  Sarah Thompson  Anthony Macdonald Hong Kong and Singapore-based alternatives manager OCP Asia has emerged as a backer of another Queensland-based company seeking a place on the ASX boards. Street Talk understands the company is engineering services firm Bothar Boring & Tunnelling which is weighing a local initial public offering after firming up OCP's support. Bothar is said to [...]

2020-02-18T01:21:08+00:00 By |Uncategorized|

Ex-Bomber Andrew Welsh expands property empire with another new estate

Editor, Magazines (Victoria) May 27 2018 by      Emily Power As an AFL footballer, Andrew Welsh read the play with precision. As a greenfield property developer, the former Essendon vice-captain has read the residential market like he once would have received a plum pass. About six years ago, Welsh purchased a colossal parcel of [...]

2018-08-21T08:17:16+00:00 By |Uncategorized|

Equity injection for IPO hopeful Ackroyd

Australian Financial Review Mar 21 2018 by      Sarah Thompson      Anthony Macdonald      Joyce Moullakis The steadily-building upswing in the mining industry has prompted hedge fund OCP Asia to more than double its investment in heavy earthmoving equipment rental firm Ackroyd Group ahead of a likely ASX listing. OCP Asia pumped [...]

2018-08-17T03:33:59+00:00 By |Uncategorized|

Essendon’s Andrew Welsh gets $70m hedge fund loan for Melbourne land project

Australian Financial Review  Feb 18 2018 By Larry Schlesinger As the major banks turn their backs on developers, Financial Review Young Rich Lister and former Essendon footballer Andrew Welsh has turned to Hong Kong-based hedge fund OCP for a $70 million loan to fund a new house-and-land project in Melbourne. It's the second time in the space of [...]

2018-02-22T05:40:26+00:00 By |Uncategorized|

Australia’s crackdown on property lending fuels lucrative debt market

Reuters December 12 2017 [SYDNEY] Australia's push to control a housing bubble by reining in bank lending to property developers has unleashed a highly profitable market for shadow lenders, including international hedge funds. The lenders are funding some developers at more than double the interest rate for the same type of loans that banks were [...]

2018-02-22T05:39:46+00:00 By |Uncategorized|

OCP Asia in Ackroyd Group’s corner

Australian Financial Review  Jul 19 2017 By Sarah Thompson, Anthony MacDonald and Joyce Moullakis  A former BRW Rich 200 member's equipment hire company has been backed by one of Asia's top performing hedge funds. Street Talk understands Mark Ackroyd, whose National Plant & Equipment went into voluntary administration in July 2016, has secured funding from OCP Asia. Sources said OCP [...]

2017-07-20T03:35:48+00:00 By |Uncategorized|

Asia trade funds: Out of the shadows

Global Trade Review  Jul 05 2017 By Finbarr Bermingham Funds in Asian trade finance are becoming increasingly visible, as banks scale back their lending. Finbarr Bermingham speaks to three funds making hay in the banks’ absence. The logic is simple, if a tad reductive: a tough time for banks equals a good time for non-banks, [...]

2017-07-20T08:18:25+00:00 By |Uncategorized|

Ex-AFL star secures $105m hedge fund loan for new Melbourne suburb

Image : An artist's impression of Thornhill Park, which is being developed by Welsh Group. Australian Financial Review Feb 22 2017 by Larry Schlesinger Former Essendon football star and BRW Young Rich Lister Andrew Welsh has secured a $105 million finance facility from Hong Kong-based hedge fund OCP Asia to fund the development of a new suburb [...]

2017-07-06T10:15:53+00:00 By |Uncategorized|