Angus Polar Buys Three Victorian Development Sites – realestatesource https://www.realestatesource.com.au Commercial and residential property news Sat, 09 May 2009 14:03:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png Angus Polar Buys Three Victorian Development Sites – realestatesource https://www.realestatesource.com.au 32 32 Angus Polar Buys Three Victorian Development Sites, $100m in Property Projects Planned https://www.realestatesource.com.au/angus-polar-buys-three-victorian-development-sites-100m-in-property-projects-planned/ Sat, 09 May 2009 14:03:45 +0000 http://realestatesource.com.au/wordpress/angus-polar-buys-three-victorian-development-sites-100m-in-property-projects-planned.html A PARTNERSHIP between Melbourne-based builder the Bendix Group, and Malaysian developer the Crossfields Group, has spent some $10 million on three Victorian development sites.

]]> 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.
 

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