MA Financial Advances $13.3bn Retail Asset Buy and Credit Notes Listing

Strategic Expansion in Retail Property

MA Financial Group Limited (ASX, MAF) has revealed significant progress on two strategic fronts ahead of its presentations at the UBS Australasia Investor Conference. Central to these is the exclusive due diligence phase for the acquisition of Hyperdome Town Centre, a substantial retail landholding in Loganholme, South-East Queensland. Spanning 44 hectares, this site is one of the largest retail land parcels in Queensland, situated approximately 25 kilometres south of Brisbane within a rapidly growing corridor.

The acquisition is targeted as a single asset syndicate aimed at high net worth investors, with negotiations involving both the vendor and prospective investors reportedly well advanced. This move underscores MA Financial’s ambition to deepen its footprint in the retail property sector, leveraging the growth potential of South-East Queensland’s expanding population and commercial activity.

Innovative Capital Raising via Credit Portfolio Notes

In parallel, MA Financial’s subsidiary, MA Credit Portfolio Holdings Limited, is preparing to launch an offer of secured, deferrable, redeemable floating rate notes to be listed on the ASX. These MA Credit Portfolio Notes represent a novel capital raising instrument designed to provide investors with exposure to secured credit assets while offering flexible redemption features.

The group has lodged a pathfinder prospectus with the Australian Securities and Investments Commission (ASIC), marking an important regulatory milestone. A syndicate of brokers has been engaged to facilitate the transaction, with a formal prospectus to be released when the offer is ready to commence. This initiative reflects MA Financial’s strategic intent to diversify its funding sources and enhance liquidity through innovative financial products.

Implications for Investors and Market Position

These developments collectively signal MA Financial’s proactive approach to growth and capital management. The Hyperdome acquisition, if completed, could significantly augment the group’s asset base and income streams, while the credit notes offer may attract a new class of investors seeking secured, floating rate exposure in the Australian market.

However, details on the acquisition terms and timing remain under wraps, and the credit notes offer is still at a preliminary stage. Market participants will be watching closely for further disclosures, including the final prospectus and any updates on the Hyperdome transaction’s progress.

Joint CEOs Chris Wyke and Julian Biggins have authorised the release, emphasizing the group’s commitment to transparent communication as these initiatives unfold.