QuadReal Property Group takes the Debt Strategy award on the strength of a submission that highlights its disciplined focus and impressive execution. The Vancouver-based group has built a genuinely differentiated platform, anchored in senior mortgage lending but stretching credibly across the full debt spectrum, from whole loans to construction and transitional financing, without losing strategic coherence.

The numbers speak clearly: 56 transactions totalling US$4.79bn completed in 2025, a 99% current borrower rate and an unblemished record on principal losses. A strategic joint venture with a major Canadian pension fund in the US and the deliberate expansion into UK and European markets demonstrate ambition matched by institutional rigour. What sets QuadReal apart is the deep integration of its debt business within a broader real estate operating platform, a structural advantage that competitors cannot easily replicate. A compelling and well-articulated case that stands out in a strong field, and a deserving winner.