Qualitas expands into Europe with $36.5m acquisition of Starz Real Estate
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The news: Qualitas has established a real estate private credit platform in Europe by acquiring the investment management business of UK-based Starz Real Estate for $36.5 million.
The context: The expansion into Europe is part of Qualitas’ growth strategy to expand into international markets. The agreement will see Qualitas assume management of the existing portfolio, which is comprised of 11 investments.
The acquisition will be funded from existing cash reserves.
Starz was founded in 2018 and oversees GBP376 million ($715.86 million) in commercial real estate private credit across the UK and Europe.
Qualitas noted the acquisition was not expected to have a material impact on the company’s FY26 or FY27 earnings.
What they said: Qualitas group managing director and co-founder Andrew Schwartz said: “The UK and European commercial real estate lending market is more than five times the size of Australia, providing a significant opportunity to expand our private credit platform in a large and highly developed market.”
The source: ASX
