MA Financial Raises $405M Equity for Hyperdome Acquisition, Hits $14.7B AUM
MA Financial Group has contracted to acquire Queensland’s Hyperdome Town Centre for $678.7 million, funded by a $405 million equity raise, pushing its proforma assets under management to $14.7 billion. The group also closed a $230 million credit notes raising early due to strong demand.
- Acquisition of Hyperdome Town Centre for $678.7 million
- Equity raise of $405 million from non-institutional investors
- Proforma Assets Under Management to reach $14.7 billion
- Early closure of $230 million MA Credit Portfolio Notes due to strong demand
- Integrated real estate platform managing retail assets and credit investments
Strategic Expansion in Queensland Retail Real Estate
MA Financial Group has announced a significant step in its retail real estate expansion with the contracted acquisition of the Hyperdome Town Centre shopping centre in Loganholme, Queensland. Valued at $678.7 million, this acquisition represents one of the largest retail landholdings in the state, spanning 44 hectares in a rapidly growing corridor south of Brisbane’s CBD.
The Hyperdome complex, boasting a 98% occupancy rate and strong trading performance, anchors a substantial non-discretionary retail presence. The acquisition price reflects a fully leased yield of approximately 7.25%, signaling a robust income stream for investors. This deal complements MA Financial’s recent purchase of the Top Ryde City shopping centre, further consolidating its footprint in the Australian retail property sector.
Funding and Investor Confidence
To finance the Hyperdome acquisition, MA Financial successfully raised $405 million in equity through its non-institutional investor channels. This substantial capital raise underscores the strength and reach of the Group’s distribution network, which has been bolstered by the integration of IP Generation since September 2025.
The acquisition will be held within a single asset fund targeting an average distribution yield of 9% and a total return of 16-18% per annum over a forecast five-year term. MA Financial will also assume management responsibilities for the property, leveraging its comprehensive real estate capabilities across investment, property management, and development.
Credit Portfolio Notes – A New Funding Channel
In parallel with its real estate acquisitions, MA Financial closed its broker firm offer for the MA Credit Portfolio Notes ahead of schedule, raising $230 million. Investor demand exceeded the issue size, resulting in scaled-back bids, a testament to the market’s appetite for the Group’s private credit exposure.
The Notes, which will begin trading on the ASX in mid-December 2025 under the ticker MA2HA, provide investors access to a diversified $2.7 billion portfolio of seasoned private credit investments. This issuance expands MA Financial’s funding channels and complements its growing listed investment structures, which have now raised $800 million in FY25 alone.
Looking Ahead
With these transactions pending settlement in the fourth quarter of 2025, MA Financial’s proforma Assets Under Management will reach $14.7 billion, reflecting a strategic blend of retail real estate and private credit investments. The Group’s integrated platform, spanning investment, distribution, and asset management, positions it well to capitalize on growth opportunities in Australia’s evolving property and credit markets.
Bottom Line?
MA Financial’s bold moves in retail real estate and private credit signal a new phase of growth and diversification.
Questions in the middle?
- How will the integration of Hyperdome and Top Ryde assets impact MA Financial’s operational performance?
- What risks could arise from the high distribution yield targets amid changing market conditions?
- Will MA Financial pursue further acquisitions or credit issuances to sustain its growth trajectory?
