The real estate funder has hinted at Victorian expansion plans after it announced a key origination hire.
Centuria Bass Credit, a specialist in Australasian property-backed funding, announced on Tuesday (10 February) that it had brought on seasoned professional Nick Reardon as executive director – origination to bolster its Melbourne operations.
The company said the appointment reflected its desire to expand its share of Victoria’s real estate debt market, where demand for flexible mid-tier financing continues to build.
Reardon, a Monash University graduate with a master’s degree in banking and finance, alongside broking qualifications, steps into the role with two decades of navigating land buys, construction projects, mixed developments, industrial sites, and office lending.
His recent stint leading originations at Woodbridge Capital follows senior positions at Payton Capital and the Commonwealth Bank, where he honed expertise in private and non-bank deals.
In 2013, he also launched his own mortgage broking business, Freedom Finance Australia, and steered its portfolio to $150 million before it was fully bought out in 2020.
The company said Reardon would channel his broker, developer, and client connections to swell its Victorian commitments.
He reports to David Stone, managing director and co-head of lending.
Centuria Bass CEO David Giffin hailed the addition as a timely boost.
“We warmly welcome Nick to the Centuria Bass team and believe his extensive experience, networks and origination capability will be a credit to our business as we look to further expand our market share as the demand for mid-market real estate finance grows,” Giffin said.
The chief executive underscored the firm's recent momentum and said the company was committed to continuing to expand its operations.
“Centuria Bass’ assets under management (AUM) have grown 11 times in the past five years, and we have a strong appetite to continue this growth trajectory,” he added.
The firm now oversees $2.3 billion in assets under management (AUM) – up sharply from recent years, with 45 per cent annual gains recorded in 2024.
Backed by warehouse lines like its $285 million UBS facility, Centuria sustains deal flow in construction and development as private credit's slice of the pie nears 20 per cent in 2026 – fuelled by apartment builds and over $20 billion in sidelined capital.
The company in its current form was created as the result of a joint venture between Bass Capital Partners and Centuria Capital Group in April 2021. It was originally founded in 2016.
[Related: Centuria Bass names MD for origination]
