MFS Diversified Group and Victorian based contract building company Orbit Homes launched a new housing company yesterday.
The new company, Expression Homes, will provide fully complete ready to live in homes on a speculative basis along the same lines as MFT’s residential arm Villa World.
MFT’s chief executive Brent Hailey said the two companies have had an ongoing relationship since 1996, when Orbit carried out the construction of Villa World’s first project in
The new company has already sourced land to commence operations, buying the balance of 20 lots in The Promenade estate at Doreen.
Construction of houses on these lots is due to commence in June with completion of all homes scheduled for December 2007 and will contribute to 2008 financial year earnings.
The company is currently in negotiations to purchase other land in the area as well as sourcing other opportunities in other locations.
Australian Property Journal
