SANAD Capital expands its presence through a joint venture with Ausmar Group
Following the announcement of its multi-million dollar active lifestyle development, ACTVE, Sunshine Coast based development and investment company SANAD Capital has announced plans to further penetrate and capitalise on the rapidly growing south east Queensland market.
SANAD Capital has entered into a strategic joint venture with multi-award winning homebuilder, Ausmar Group, to develop new and existing special projects as it looks to expand its presence in the region.
Commenting on the new partnership, Bradley P. Sutherland, CEO of SANAD Capital, said that joining forces with Ausmar Group marks an important step in SANAD Capital’s growth plans on the Sunshine Coast.
“We are thrilled to be entering into a joint venture with a major property company such as Ausmar. The Sunshine Coast’s $13 billion economy is booming and set to become Queensland’s next investment hotspot.
“It is also a partnership made in development heaven. Like SANAD, the forward thinking Ausmar team strive to excel in all they do and produce quality products in build and in finish.”
“For SANAD Capital, this partnership will help us diversify our business to build a new powerful foundation in the property sector,” said Sutherland.The first project to seed the joint venture partnership with Ausmar will be the development of high quality but affordable home targeting the first time home buyer as well as buyers looking for a safe investment in the high demand growth corridors in south east Queensland.
“Further on the horizon we are looking at major subdivisions on the Sunshine Coast, and across SEQ” said Sutherland.
SANAD Capital and Ausmar Group are located just a stone’s throw from each other, following Ausmar’s move to their new headquarters in Maroochydore.Dedicated to building quality homes through innovative ideas, environmental designs and customer focused products, Tim Hendy from Ausmar said: “We’ve secured a formidable partner in SANAD and are excited to work together on building new opportunities that will attract both onshore and offshore investors Australia wide.”
For further information, go to www.sanadcapital.com.au. To keep updated with the ever anticipated ‘name announcement’, please follow developments and sneak peeks on Facebook SANAD Capital Australia and @SANADcapital on Twitter.