DNW Group company Clearstate secures AUD$50Million in major capital raise

Polymer client Clearstate is set to deliver over 1,700 much-needed homes to the Sydney, Melbourne and Brisbane markets, following the company’s first major capital raise since its inception in 2011.

Kandis Investments Ltd, an affiliate entity of US-based, global investment firm, Avenue Capital Group, has entered into an agreement with Clearstate to provide funding to the value of AUD$50million.

DNW Group’s Managing Director, Dean Willemsen, says the funding will help Clearstate embark on a new era of expansion. 

“We’re excited about what Clearstate can achieve over the next five years and we look forward to working with even more Australians to show them the benefits of being a Clearstate customer,” he said.

On the back of this exciting news, Polymer secured national print and online media coverage for our client, including Australian Financial Review, RealEstate.com, and The Urban Developer.