Thursday, 12 June 2025
ANREV Briefing
ANREV Debt Committee is pleased to invite you to join us for a briefing on Australian real estate debt opportunities and market update on 12 June in Sydney.
This briefing will explore the current landscape of Australian commercial real estate (CRE) private debt, emphasising its significant role in the broader private credit market. We’ll discuss key trends that have shaped the sector, compare Australia’s opportunities with those in North America and Europe, and highlight the unique advantages of our enforcement regime. You’ll also have the chance to engage with industry experts during our investment panel, where we’ll examine the future outlook for private credit, factors influencing bank disintermediation, and the motivations driving investor participation.
A networking drinks session will follow the briefing, providing you with the chance to connect with fellow attendees.
5:15pm - 8:30pm
• Welcome and introduction
• The Australian real estate debt landscape & opportunity
• CRE Lender protections in Australia compared to other jurisdictions
• Valuation for Australian CRE private debt funds
• Investment panel
• Networking drinks
CBRE office, L21, 363 George Street, Sydney, NSW 2000
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Sofya Shuster is the Head of Real Estate at ING Australia, leading the expansion of ING’s real estate sector coverage across its Australian institutional client base, including inbound and outbound cross-border business. Since joining ING in 2011, she has held various roles across Amsterdam, London, New York, and Sydney, including senior positions within real estate finance, loan capital markets, and sustainable finance. Sofya is a CFA charterholder and holds a BS in Economics (cum laude) from Lomonosov Moscow State University and an MS in Finance and Investments (cum laude) from the Rotterdam School of Management. Passionate about diversity and inclusion, she serves as a Board Member of the LCU Fund for Women’s Education, a New York-based non-profit organisation.

Michael has almost 40 years’ experience in all facets of real estate including non-bank real estate lending, real estate investment, funds management and construction.
Prior to founding Madigan Capital in 2016, Michael co-founded Quadrant Real Estate Advisors (QREA) focused on private placement of real estate debt investments in Australia, Europe and North America. Michael was a Board Member, Executive Vice President and one of four Executive Vice Presidents of the Global Investment Committee of QREA. Over his 10 years QREA invested in excess of USD11bn of client capital across multiple geographies.
Prior to QREA, Michael was Group Executive at Lendlease Corporation for more than a decade. During this period he held various roles in Australia, the United States and Singapore.

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