Global alternative asset manager MA Financial Group, via its $1 billion Australian Real Estate Credit Vehicle announced last year in partnership with one of Asia’s largest real estate investors Warburg Pincus (Real Estate Credit Vehicle), has confirmed institutional funding of $380 million for the delivery of the $540 million Burly Residences development in North Burleigh.

The syndicated financial backing is to be provided in equal commitments by the Real Estate Credit Vehicle and MA Financial Group. The Real Estate Credit Vehicle is designed to address the persistent funding gap within Australia’s acutely undersupplied residential housing market and provide global institutional investors with unique access to Australia’s real estate credit market, funding high-quality developers and residential real estate projects.

This funding strengthens the position of Burly Residences as one of Australia’s most significant premium residential projects currently under construction.

Developed by DD Living and led by veteran Australian developer David Devine, Burly Residences, located in North Burleigh on the Gold Coast is the second six-star project in the company’s portfolio, following the successful Royale Gold Coast development. Both projects are now fully funded to completion, with Royale Gold Coast scheduled for mid-2026 delivery and Burly Residences late in 2027.

MA Financial Group Managing Director and Head of Real Estate Credit, Drew Bowie, said the investment in Burly Residences is in line with its strategy to support high-quality residential developments backed by experienced delivery teams in growth markets.

“Burly Residences represents a compelling opportunity to support the delivery of a premium residential project in one of the strongest-performing lifestyle destinations in Australia.”

“The credentials of the development team, strong pre-sales performance, and the quality of the architectural design and beachfront location all reflect the type of project we seek to support through our real estate credit strategies.”

“We’re seeing signs of a more constructive environment for real estate development, with improved confidence and stabilising costs. That’s opening up more opportunities for private credit to step in and support projects that may have struggled to access traditional financing over the past 12–18 months.” Mr Bowie said.

MA Financial Group Investment Director Rodney Norris, said “This transaction marks a significant milestone and lays a strong foundation for our growth strategy in Queensland and we are committed to building on this momentum and delivering long term value for our clients.”

Situated at 264–268 The Esplanade, North Burleigh, on a 2,024sqm double beachfront site with 40 metres of ocean frontage, Burly Residences is a six-star 25-level building incorporating 101 premium apartments, designed by internationally acclaimed Koichi Takada Architects with luxury interiors by award-winning Mim Design.

The development is attracting high-net-worth owner-occupiers and offers two expansive levels of resort-style amenities, featuring a state-of-the-art wellness centre with a yoga zone and Peloton room, gymnasium, cold plunge and heated spas, sauna, pools, BBQ facilities, teppanyaki dining area, winter lounge, Burly Club bar, a private cinema, executive lounge with private meeting spaces.

David Devine, CEO and Founder of DD Living, welcomed the support from the Real Estate Credit Vehicle and MA Financial Group as a strong endorsement of the project’s positioning and delivery strategy.

“We are pleased to be working with institutional funding partners who understand the long-term fundamentals of the prestige Gold Coast apartment market,” Mr Devine said.

“The support from the Real Estate Credit Vehicle and MA Financial Group underpins our commitment to delivering Burly Residences as a premium, six-star beachfront residential development.”

“The Real Estate Credit Vehicle and MA Financial Group syndicated financial backing comes at a time of strong growth and transformation for Southeast Queensland, as the region prepares to host the 2032 Brisbane Olympic Games.” Mr Devine said.

Construction is underway with delivery by Gowdie Management Group (GMG), a trusted builder with a strong portfolio of luxury residential projects in Southeast Queensland.

TOTAL Property Group is managing sales and marketing for Burly Residences and reports strong demand from the prestige segment of the market, particularly from high-net-worth professionals and entrepreneurs seeking beachfront lifestyle apartments.

“The involvement of the Real Estate Credit Vehicle and MA Financial Group sends a clear signal to the market that Burly Residences is a high-calibre, fully funded development backed by institutional strength,” said Adrian Parsons, Managing Director of TOTAL Property Group.

“With limited supply, surging interstate migration and infrastructure investment, the Gold Coast is evolving into a global destination for premium living, Burly Residences is perfectly positioned to meet that demand.” Mr Parsons said.