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New investment fund set to fill lending breach

One of Australia’s best-credentialed and longest-running property development empires is expanding into finance, with current market conditions providing a strong opportunity to fill a credit void as traditional lenders retreat from the uncertainty created by the COVID pandemic.

Michael Fowler
Michael Fowler says CIM will look at opportunies to support developers across all Australian property markets.

One of Australia’s best-credentialed and longest-running property empires is expanding into development finance, with current market conditions providing a strong opportunity to fill a credit void as traditional lenders retreat from the uncertainty created by the COVID pandemic.

Corsair Investment Management is the latest evolution for the Buxton family property empire, which spans back 150 years and includes well-known businesses such as Buxton…