Senior Debt Construction Facility
$60m Gross Realisation Value
The R Hotel Geelong is a luxury apartment hotel project which is a redevelopment of a 165-year-old heritage listed building in Geelong CBD, a short walk to Geelong Waterfront. The experienced developer sought funding to assist with the construction of this 10 storey building, comprising 110 one and two bedroom apartments on 1,544sqm of land.
Monark provided a senior debt construction facility which enabled the developer to bring forward its construction program and scheduled completion date. This project was important and encouraged by the Minister of Planning Richard Wynne, due to its economic impact to the greater city of Geelong.
- Key figures
- 110 apartments
- $60m Gross Realisation Value