Angus Polar, the name for the joint venture group, has spent $6 million on two residential sites: in Frogmore Street Carnegie, and Victoria Street Sandringham. It also spent $4 million for a farm at Darraweit Guim, about 45 kilometres north of Melbourne, and five kilometres west of Wallan.
Over coming years Angus Polar hopes to build a national property development portfolio of some $100 million.
Crossfields Group director Dr Ahmad Zaharudin Idrus, a former science adviser to the Malaysian Prime Minister until 2007, said Australia is considered a major growth area for the group.
The Crossfields Group operates in the biotechnology and research sectors, as well as property developments, where it has partnership associations in Europe, South East Asia, the Middle East and America.