Former Westpac executive Matt Golledge will lead Supra Capital’s Brisbane office.
Supra Capital today announced the opening of its Brisbane office, to be led by Matt Golledge. “A 15-year property Bank veteran, Matt is regarded as a state expert on property development funding within Westpac in Queensland,” Managing Director of Supra Capital, Adriana Zuccala said.
Matt will work closely alongside Supra Capital’s Investment Team, to deliver flexible and reliable lending solutions to developers in Queensland.
Supra Capital, whose board includes Melbourne Cricket Club President Michael Happell, current AFL Commissioner and ex-Hawthorn Football Club President Andrew Newbold and former CGA Bryson head, Neil Bryson, has always been open to lending in the Sunshine State.
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The move to create a Queensland base, Ms Zuccala said, follows a rise in the number of Queensland based applications, often by Melbourne developers, as well as the strong population growth outlook and planned infrastructure spending for the State, in the lead up to the 2032 Brisbane Olympics and beyond.
Ms Zuccala said there are many parallels to the emergence of the greenfield markets in both Queensland and Victoria, with relative affordability and population surge being key drivers.
Matt’s local experience and expertise will support Supra Capital’s ambitions in Queensland to build market presence, offer a personalised and accessible service and continue to deliver innovative product offerings.
About Supra Capital:
Established more than 20 years ago initially as a property developer, then as a property fund manager, Supra Capital entered the private lending market in 2016, already with a long track record of raising capital and deploying it into property developments.
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Dealing in, amongst other sectors, residential, retail, office and industrial, as well as specialised assets such as childcare, petrol and medical, Supra Capital provides funding secured by first mortgage across the project lifecycle, from early-stage land banking to construction and residual stock.
Supra provides flexible and fast funding to developers operating in suburban middle markets, both larger land parcels to inner suburban in-fill sites, with loans secured by first mortgage from $3 million up to $30 million and mezzanine loans of between $2 million and $15 million.