MA Financial Group, in partnership with Warburg Pincus via their $1 billion Australian Real Estate Credit Vehicle, has committed $380 million in institutional funding to the $540 million Burly Residences project in North Burleigh.
The syndicated facility — split evenly between MA Financial and the Credit Vehicle — aims to address Australia’s chronic housing undersupply while offering global investors access to premium real estate credit opportunities.
Developed by DD Living and led by veteran David Devine, Burly Residences is a 25-storey, six-star beachfront tower featuring 101 luxury apartments designed by Koichi Takada Architects with interiors by Mim Design.
Construction is underway, with completion targeted for late 2027.
The project follows DD Living’s Royale Gold Coast project, which is fully funded for delivery.
The development attracts high-net-worth buyers seeking lifestyle assets, with TOTAL Property Group reporting strong pre-sales momentum.
MA Financial’s Drew Bowie and Rodney Norris said the deal aligns with their strategy to back high-quality developers in growth markets, citing stabilising costs and renewed confidence in the private credit space.
“We’re seeing signs of a more constructive environment for real estate development, with improved confidence and stabilising costs. That’s opening up more opportunities for private credit to step in and support projects that may have struggled to access traditional financing over the past 12–18 months.” Managing Director and Head of Real Estate Credit, Bowie said.
Investment Director Norris said: “This transaction marks a significant milestone and lays a strong foundation for our growth strategy in Queensland and we are committed to building on this momentum and delivering long term value for our clients.”
