AND FINALLY

Jinding secures $100m funding

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JINDING has secured more than $100 million in debt-funding activities since the new year, as the diversified property business looks to gross its pipeline of land and apartment developments.

Financiers backing the group in 2022 have included the likes of National Australia Bank (NAB), Wingate and Metrics, leading to funding for projects across Victoria and on the Gold Coast.

“The commitment from high calibre financiers NAB, Wingate and Metrics, as well as the sheer quantum of funds raised are terrific proof-points of the strength of the Jinding business and quality of our residential communities,” said Luke Guthrie, CEO of Jinding.

In its Victorian pipeline, masterplanned developments include Harriott at Armstrong Creek, Octave at Junction Village and The Patch in Wollert.

While on the Gold Coast, financing agreements enabled Jinding’s first built form project, Sora.

“After several years of operation, we are now successfully progressing settlements at our best-in-class residential communities, which seek to redefine the residential living experience in Australia. This marks an exciting time for the business as our first customers move into their thoughtfully curated communities,” added Guthrie.

The group’s current development pipeline spans 4,775 lots for a value in excess of $1.8 billion, with Jinding acquiring assets in Kilmore, Wollert and Greenvale in Melbourne’s north in the second half of 2021, totalling more than $162.5 million across 130-hectares.

“We’re looking forward to continuing to build our presence in the market and expanding our development pipeline with strategic acquisitions. We have particular interest in further Queensland expansion as well as doubling down in Victoria,” concluded Guthrie.

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