MFS Dviersified Group has entered into a $28 million development agreement with Sydney-based Augusta Properties to develop a large industrial estate at Bankstown.

The site, which will be turned into a 15,800sqm business park, was acquired for $10.1 million from a private owner.

MFS Diversified Group chief executive, Brent hailey, said the partnership with Augusta Properties offer the Gold Coast - based group entry to western Sydney to cater for the demand for modern industrial lease properties.

Gold Coast Bulletin
Wednesday August 1, 2007