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Merricks Capital and Shanghai United strike $220m private loan

Chinese private equity group Shanghai United and Melbourne-based funds manager Merricks Capital have struck one of the biggest private property lending deals at $220 million.

Merricks has executed a first mortgage loan over the Chinese group’s $420 million flagship mixed-use apartment and hotel development in the Sydney CBD, Castle Residences at 203 Castlereagh Street.

The project will include a five-star new-build luxury boutique hotel, MGallery by Sofitel.

Click here to read this article in full as published by The Australian Financial Review.

Written by: Su-Lin Tan

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