Award-winning South Australian-based developer, Monopoly Property Group (MPG) will officially turn the first sod this week, signalling the launch of the $42.4 million Angus Estate in Mansfield Park, set to create more than 200 jobs.
The estate is named after MPG’s non-executive chairman – Bob Angus – who has spent a lifetime in the entertainment industry, as a highly successful music, concert and stadium promoter.
He founded Metropolis Music in 1985 and is recognised as one of the UK’s leading independent concert promoters. Bob is the founder, Director and shareholder of V Festival which is celebrating its 20th anniversary this year. He promotes over five hundred concerts a year in clubs, ballrooms, city halls, arenas, and stadiums across the UK.
The new Adelaide development will create almost 100 new allotments of prime real-estate in what has been rated as Australia’s most affordable investment suburb for 2016.
“Angus Estate is a premier location for those wanting to live close to the city whilst still enjoying a suburban lifestyle,” said MPG Executive Chairman and Founder Ben Howard.
“Located a mere 9 kilometres north-west of the Adelaide CBD, residents will have the very best amenities at their fingertips, including parks, playgrounds, shopping facilities and public transport.”
Picturesque tree-lined streets and an almost 5,000 sqm landscaped reserve lie at the heart of the community-minded development.
“The site is located on the corner of Henry Street and Dudley Street, right in the centre of Mansfield Park,” said Mr Howard.
“As a proud South Australian developer we are delighted to be helping shape successful communities across the state.
“Blocks are currently priced as low as $182,500 and are available in a variety of dimensions to cater for families of different sizes.”
Mansfield Park has been ranked first by RealEstate.com as the best affordable suburb to invest in within 20 kilometres of an Australian city, with an annual compound growth rate of 6.8 per cent.
The development is due for completion early in 2017.
Mr Angus' clients have included some of the most significant acts of this era, including Robbie Williams, Amy Winehouse, Eminem, Coldplay, Snow Patrol, Sam Smith, Disclosure, Florence and the Machine, Razorlight, Foo Fighters, Rammstein, Blur, Basement Jaxx, Bjork, The Strokes, The White Stripes, Kaiser Chiefs, Keane, The Specials, Lily Allen, Elbow, Scissor Sisters and Nick Cave. Bob is a shareholder of Academy Music Group which owns and operates multiple concert venues across 14 sites, hosting 3500 events per annum which attracts more then 3 million customers.
Angus Estate is built on the former Mansfield Park Primary School in an established residential location, approximately 10km from the CBD in the state of South Australia with the local council being City of Port Adelaide.
Mansfield Park is located a short 9km north-west of Adelaide CBD and only 9km to Semaphore Beach.
Family-friendly parks, playgrounds and community activites make Mansfield Park a unique and increasingly popular suburb.
Stage 1 and 2 are now selling.