
Zagga raises $65m for Sydney real estate development
FINANCIAL STANDARD
Zagga, a real estate private credit investment manager, has secured $65 million through an oversubscribed corporate note arranged by FIIG Securities.
Zagga will allocate the funds to mid-market residential development projects along Australia’s eastern seaboard, predominantly focused on Sydney.
The four-year, senior secured corporate note exposes investors to fixed income with a current yield of 7.85% per annum. It closed 30% above its target of $50 million.







