Brisbane, Australia – Cedar Pacific Investment Management, in partnership with Sumitomo Mitsui Banking Corporation (SMBC), has successfully completed a $190 million Green Loan and Social Loan facility for the Build-to-Rent development at 50 Quay Street, Brisbane.

This transaction marks a significant milestone as the first Social Loan executed by Cedar Pacific, further strengthening the longstanding collaboration in the living sector with SMBC. The Social Loan component was provided on the basis of the development’s commitment to deliver affordable housing. This affordable housing will be delivered under the ongoing partnership with the Queensland Government as part of the Build-to-Rent Pilot Project.

This project will increase the supply of market and affordable housing, unlock new development and generate training opportunities in the construction and housing sectors.

Strategically located near Brisbane’s CBD, the 50 Quay Street project is being delivered by Hutchinson Builders and is targeting a 5 Star Green Star building rating upon completion. The development exemplifies a shared commitment to sustainability, affordability, and positive social outcomes.

Equity funding for the project is being provided by Sumitomo Forestry, Grosvenor, Australian Ethical and Cedar Pacific, combining deep experience in real asset investment and sustainable development.

For Media enquiries, please contact:

Anna Green
Head of Human Resources
0409 571 510
anna.green@cedpac.com