| 105 LIFESTYLE Qestral Corporation: Coastal View Lifestyle Village Coastal View is approaching its first anniversary, with the Yacht Club and surrounding stage of housing now complete and further stages continuing to roll out. Since establishing its New Zealand presence in 2022, Pallas Capital has quickly become one of the country’s most active non bank commercial real estate (CRE) lenders and investment managers. The irm has now surpassed $1.29 billion NZD in loan book volume, re lecting both its growing local footprint and the strength of its real estate backed senior and structured credit o ering. Backed by a decade long track record in Australia and institutional capital support, Pallas Capital specialises in funding commercial real estate: projects undertaken by developers and investors for business and income generating purposes, rather than personal or owner occupied property. “New Zealand’s funding landscape is evolving rapidly. Developers and investors want depth, con idence and a lender who understands the nuances of this market. Pallas brings to the table institutional backing and deep local market insight, with experienced local teams operating out of o ices in Auckland and Christchurch. In a market where many smaller entrants have limited capacity, our scale allows us to fund commercial real estate projects through their full lifecycle.” — Dan Gallen, Executive Director, Pallas Capital Over recent years, banks have continued to tighten CRE lending in response to regulatory requirements and a softening economic backdrop. This has widened the opportunity for non-bank lenders with the strength of funding and expertise to lend. With investment loans representing more than half its loan book and construction lending continuing to grow as enquiry strengthens nationwide, Pallas Capital is well placed to meet that demand. Several themes are in luencing activity across origination and distribution channels: • Developers are increasingly positioning projects for delivery in 2027 and beyond, looking past short-term uncertainty to underlying demand fundamentals. • Enquiries for land subdivision and larger-scale residential and commercial development are rising, even as the broader housing market remains subdued. • High pre-sale requirements from traditional lenders are also directing borrowers toward non-bank lenders who can o er greater lexibility around leverage, timing and sales risk. For wholesale high-net-worth investors, wealth advisers, and asset managers; Pallas Capital provides access to senior secured CRE debt through diversi ied, tax-e icient PIE fund structures designed to deliver regular income and portfolio diversi ication. These strategies are supported by disciplined underwriting, robust risk-management frameworks, informed by the portfolio’s historical performance. To learn more about Pallas Capital New Zealand, review our portfolio performance, or discuss upcoming wholesale investment opportunities, contact us on info@pallascapital.co.nz or (09) 883 3440. Disclaimer: General information only; not inancial product advice. Pallas Capital’s lending activities are limited to providing loans for business and/or investment purposes only. Consumer credit protections under the Credit Contracts and Consumer Finance Act 2003 do not apply. This information does not take into account any person’s investment objectives, inancial situation or needs. Past performance is not a reliable indicator of future performance. Any forward-looking statements are provided as a general guide only. For wholesale investors only. Pallas Capital: A New Force in New Zealand’s Commercial Real Estate Debt Market
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