Alfasi Secures Construction Funding for Cremone Office
20th July 2020Commercial Real Estate
Alfasi Group has moved forward with plans to continue building an office tower in Melbourne after securing additional funding during Covid-19.
The development group self-funded the initial stages of construction for the nine-storey commercial building at 510 Church Street, Cremorne in mid-2019.
Alfasi then made a $150 million structured finance deal with Merricks Capital to finalise the build by the end of 2021 with Victorian-based Kane Constructions.
Written by: Renee McKeown