On Thursday, 13 November, Pallas Capital proudly hosted more than 85 guests across the property ecosystem, including brokers, developers, real estate agents, family offices, and property lawyers to mark the opening of our first Adelaide office. Guests gathered on the rooftop at 2KW Bar, where Pallas Capital’s Executive Director and Chief Investment Officer, Dan Gallen welcomed guests and spoke to the opportunities ahead.
Adelaide’s property market continues to gain momentum—with more than $10 billion in major projects currently approved or underway alongside the city’s target of 50,000 new residents by 2036, driving demand for apartments and student housing. As development activity accelerates, the funding landscape has struggled to keep pace, underscoring the need for a specialist non‑bank lender in the region. Developers and brokers are consistently calling for faster decisions, greater flexibility and lenders who truly understand commercial property. Pallas Capital meets this demand by combining speed, tailored solutions and deep industry expertise, delivering finance that moves at the pace of the market.
The launch also introduced Pallas Capital’s dedicated Adelaide team. Micheal Fenton—Head of Origination, Adelaide, Elena Alvaro—Business Development Manager and Matt Steffanoni—Manager, Construction Risk will lead the office, supported by the national network.
With major projects reshaping the city’s skyline, Pallas Capital is committed to partnering with property professionals to provide funding solutions and support South Australia’s growth. We look forward to strengthening relationships, expanding our reach, and making a lasting impact in South Australia. Thank you to everyone who joined us in celebrating this milestone.
To browse our lending opportunities or speak to one of our loan originators, please visit: https://www.pallascapital.com.au/lending-opportunities/
Disclaimer: General information only. Pallas Capital’s lending activities are limited to writing loans for business and/or investment purposes only. The consumer credit protections in the National Credit Code do not apply.
