Pallas Capital, part of the Pallas Group with property developer Fortis, has opened a new Adelaide office as part of its national expansion in commercial real estate lending, specialising in structured debt and equity solutions for commercial and residential projects.
The new office, located at Suite 1, Level 4, 57–69 Wyatt St, Adelaide, SA 5000, will support growing demand for flexible and bespoke commercial lending solutions in South Australia.
Heading up the firm’s loan origination in South Australia is Micheal Fenton (pictured left), appointed as head of origination for South Australia.
With nearly two decades of experience in property finance, Fenton brings senior-level expertise from past roles at Credit Union, Commonwealth Bank, CBRE, and St. George Bank.
Most recently, Fenton served as head of development finance at Credit Union, where he played a key role in drafting credit policy and funded more than 40 transactions.
He also brings specific expertise in land and construction funding, project feasibility analysis, and relationship management across residential, commercial, and mixed-use developments.
“Joining Pallas Capital at a time of growth and opportunity for South Australia's development sector is an exciting step,” Fenton said.
“I look forward to drawing on my experience and long-standing local relationships to build the firm’s presence in Adelaide. This is a pivotal period for real estate across the region, and we’re committed to becoming the funding partner of choice for developers and brokers seeking fast and flexible lending solutions.”
South Australia, while emerging as a standout market for first-home buyers, remains relatively underserved by non-bank lenders, compared with other capital cities.
Fenton’s appointment and the new Adelaide office signal Pallas Capital’s intent to address that gap – particularly in the construction finance segment.
To date, Pallas Capital has settled over 1,000 loans valued at more than $7.7 billion across Australia and New Zealand. Lending activity in emerging jurisdictions like South Australia is expected to be a key driver of future origination growth.
Jason Arnold (pictured right), group executive of origination at Pallas Capital, said the expansion aligns with the company’s broader national growth strategy.
“The expansion of Pallas Capital into South Australia is a response to the strong demand for alternative funding solutions for local borrowers,” Arnold said.
“Micheal’s deep local knowledge and track record makes him the ideal SA head of origination to support local brokers and developers.
“His appointment supports our broader strategy to build a truly national platform, and we remain on track to double our lending volumes by the end of the financial year."
