Residential construction debt facility – Wirra, Neutral Bay, Sydney

The Wirra residential apartment project currently under construction, sits on an elevated site in Neutral Bay, north of Sydney’s city centre. The project is being developed jointly by Podia and their investment partner, Centennial Property Group.

Podia is a well-credentialed development group with extensive experience in developing medium-to-large-scale projects across the residential, retail, and commercial sectors. Qualitas has an existing relationship with Centennial, an Australian property investment manager and developer specialising in industrial and logistics, commercial and boutique residential property.

The senior construction debt facility was approved in February 2024. It has funded the acquisition of the development site and is financing the construction of the six-storey complex consisting of 20 high-end residential apartments and two levels of basement car parking. The elevated position provides apartments with sweeping views of the surrounding area, the city centre and the harbour.