Street Talk

Pallas nails down $185m construction warehouse facility with big bank

Sarah Thompson, Kanika Sood and Emma Rapaport

Feb 25, 2025 – 5.00am

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A $7 billion non-bank commercial real estate lender that has backed some of Sydney’s eastern suburbs’ largest residential property developments is eager to get new projects out of the ground with a fresh funding pool.

Street Talk can reveal Pallas Capital has inked a $185 million construction warehouse facility with a leading Australian bank.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.