(14 February 2007 – Australia) St George Bank has launched a new property group targeting institutional property customers.The bank said the new Structured and Institutional Property Group would offer “competitive, flexible and customised solutions to property entities” in the institutional property market.
The new group will be co-headed by Bryan Boyd and Andrew Faulk.
St George group executive, Institutional and Business Banking, Greg Bartlett, said the bank had a strong history in property and development finance and the new group would deliver financial solutions for passive and investment purposes as well as acquisition and development finance.
“Indirect property assets and evolving property asset classes can offer investors options in a market of ever consolidating yields,” he said.
“Our team of property specialists understand and fund many alternate property assets of varying risk levels and can assist customers with structures for efficiency of capital,” Bartlett said.