Woodbridge Capital Provides $100M+ Construction Facility for 150-Apartment Brisbane Development

Woodbridge has provided a new $100 million-plus construction facility for a major residential development in Brisbane, supporting the delivery of 150 apartments across two architecturally united towers minutes from the heart of the CBD.

The latest transaction builds on the firm’s growing lending presence in Queensland, following the establishment of its Brisbane office in late 2025.

The development comes at a critical point for Brisbane’s apartment market, where population growth and housing demand continue to run up against significant constraints on new supply.

Matthew Samuels, Head of Investments at Woodbridge, said the transaction demonstrated Woodbridge’s continued appetite to fund quality residential projects while maintaining its established approach to credit.

“We continue to actively lend, but the discipline behind our decisions hasn’t changed. We are looking for well-located commercial real estate, experienced borrowers, sound project fundamentals and, importantly, a clear path to repayment,” Samuels said.

“This project brings those elements together. It is a substantial residential apartment development close to the centre of one of Australia’s fastest-growing capital cities, and a $100 million-plus facility demonstrates our ability to provide borrowers with certainty on larger and more complex construction projects.

“Private credit has an important role to play in getting viable apartment projects out of the pipeline and into construction, particularly in an environment where development feasibility and access to capital remain challenging.”

Brisbane’s apartment pipeline remains under pressure from construction costs and project feasibility.

The Property Council has estimated that around 8,000 attached dwellings need to be delivered annually in Brisbane through to 2031 under the South East Queensland Regional Plan, while current forecasts point to materially lower levels of apartment delivery.

Lachlan Griffiths, who heads up Woodbridge’s Brisbane office,said the transaction reflected both the scale of opportunities emerging in Brisbane and the importance of having lending expertise on the ground.

“Brisbane has very strong long-term fundamentals, but bringing new apartment projects to construction remains challenging. Construction costs, feasibility and access to capital are all influencing which projects ultimately proceed,” Griffiths said.

“That makes disciplined project selection particularly important. For us, it is not simply about growth or deploying capital – it is about backing experienced borrowers and projects in locations where we can see genuine underlying demand and strong fundamentals.

“Having a team on the ground means we can understand those dynamics at a project level and work closely with borrowers to structure funding that gives quality developments the certainty to move forward.”

For more information, please visit: www.woodbridgecapital.com.au.