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Stamford Capital’s funds management arm has announced the over-subscribed capital raising for its newest fund.

Stamford Capital Investments (SCIM) witnessed strong investor demand for its SCIM Core Partners Fund 2, which raised $46.8 million.

The new fund primarily targets equity and subordinate investments that focus on mid-development sectors across the eastern seaboard valued up to $80 million. Primarily residential, retail, convenience retail, standalone fast food, office and industrial assets are targeted.

“We’ll do projects of reasonable scale in good locations, where we can limit the downside risk. We won’t be doing 200 units in Docklands,” said Michael Hynes, Joint Managing Director.

“The construct of CPF2 is what differentiates it in the market,” added Daniel Pirrello, Head of Investments.

To read the full article, head to The Property Tribune.

The nine-year-old firm has opened a Melbourne office with a new director, as it scours Victoria for new commercial debt deals and high-net-worth and family office investors.

Stamford Capital currently transacts capital from about 400 sophisticated investors to finance commercial real estate projects for property developers or owners.

Click here to read full article by Kanaka Sood in The Financial Standard

Australia’s major banks are tightening lending to certain residential apartment developers and areas they suspect are oversupplied but Asia-based banks are jumping in and increasing their exposure to the sector.

Click here to view full article by Matthew Cranston from the AFR.