Pursuits
Aussie Property Boom Spurs Real Estate Loans Luring Asian Banks
- Property-related loans in Australia climb to four-year high
- Increasing number of deals bringing in larger group of banks
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Australian real estate loans are bucking a slump in the syndicated lending market and have nearly quadrupled in 2016 from last year, buoyed by continuing demand for residential and commercial assets. Asian banks are taking notice.
Fifteen syndicated loan deals for constructions, land development and property acquisitions worth $3.37 billion were signed so far this year, the highest volume since at least 2013. At least six additional transactions totaling about A$2.4 billion ($1.8 billion) are in the .