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Private credit firms need to ‘think like a developer’: Green Street CRE Forum

Reported by Greenstreetnews
Nov 5, 2026· 2 min read
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Key Takeaways
  • • The collapse of Bathla is presented as an opportunity for private credit firms to demonstrate their asset management skills, according to remarks from RW Capital's Luke Dixon and Maddocks partner Trent Chugg at the Green Street CRE Forum.
  • • Speakers urged private credit managers to 'think like a developer' when handling distressed or complex real estate exposures in Australia.
  • • The discussion was reported by Green Street News on 6 November 2026 from Melbourne, with coverage by Larry Schlesinger.
  • • Full article text is restricted to subscribers of Green Street's Australia news coverage, so further detail on specific deal values or loan positions could not be verified from the available source.
Summary
At the Green Street CRE Forum in Melbourne, panelists argued that private credit firms should adopt a developer's mindset in the wake of the collapse of Bathla, according to Green Street News. The report, published 6 November 2026 and written by Larry Schlesinger, frames the Bathla situation as a chance for lenders to show active asset management capabilities rather than purely passive credit oversight.

RW Capital's Luke Dixon and Maddocks partner Trent Chugg were the speakers highlighted in the coverage. The summary available to readers focuses on their view that private credit providers facing troubled real estate assets need to engage with project-level decisions, including how sites are completed, repositioned or sold, in the same way a developer would.

The available source is limited to a publisher summary and a paywall notice, so the article does not provide verified figures on loan sizes, exposures, recovery expectations or specific transaction terms. Readers seeking those details should consult the full Green Street News report.

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Sources

1 outlet

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Greenstreetnews Private credit firms need to ‘think like a developer’: Green Street CRE Forum