en.Wedoany.com Reported - Resimax Group recently signed a $300 million cooperation agreement with its financing partner, Banner Asset Management, to support the delivery of 2,620 residential lots in Beveridge, north of Melbourne. This agreement will provide funding for the preliminary planning, infrastructure delivery, and related works for two master-planned communities.
Resimax is a Victorian developer focused on large-scale residential projects. The company's total future development pipeline covers 1,400 hectares, with an estimated end value exceeding $17 billion. As the financing partner, Banner Asset Management will acquire a 49.75% equity stake in each project and provide long-term debt financing arrangements.
The project includes two communities: the Tara community, located within the Lockerbie Precinct Structure Plan area, comprising 1,170 lots; and the Talisen community, located within the Beveridge North West PSP, providing 1,450 lots. The two communities, with a total area of 200 hectares, were acquired by Resimax last year.
Resimax founder Aziz Kheir stated that one of the biggest challenges developers face is raising long-term capital in the early stages of a project. This partnership will drive large-scale residential development, ensuring efficient supply of quality land to the market. It is estimated that these communities will accommodate over 250,000 new residents in the next twenty years.
This collaboration marks a significant upgrade in the relationship between Resimax and Banner. The two parties have previously collaborated on several projects, including the 71-townhouse Wallan project and the multi-stage land release project in Eynesbury. Banner CEO Andrew Turner stated that their combined financing experience has proven the advantages of working together.
According to Australian Bureau of Statistics data, housing commencements in Victoria have lagged behind those in New South Wales. In the fourth quarter of 2025, Victoria saw 13,489 new housing starts, essentially flat compared to the previous quarter; New South Wales recorded 16,272 starts during the same period, a 28.5% increase.
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