ASX-listed Qualitas Real Estate Income Fund is seeking to raise A$151m (β¬92m) by issuing new shares, with proceeds to be invested in Australian commercial real estate loans.
Mark Power, head of income credit at Qualitas, said: βThe structural shift in the lending environment for commercial real estate in Australia, coupled with significant institutional investor demand for private credit has underpinned Qualitasβs growth since its inception 16 years ago.β
QRIβs fund had more than tripled in size since its initial public offering and the raise sought to increase QRIβs scale, which would provide unitholders with increased liquidity and portfolio diversification, Power said. He added that βin a higher-for-longer interest rate environment we remain highly disciplined and selective β investing in only the most attractive risk-adjusted opportunitiesβ.
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