Merricks Capital and Shanghai United strike $220m private loan
28th November 2019Commercial Real Estate
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.
Written by: Su-Lin Tan