NEW fund manager, Scarborough Pacific Group has open shop in Australia.
Backed by Pacific Shopping Centres, the UK based Scarborough Group and Melbourne investment fund manager Acorn Capital — Scarborough Pacific’s first key project is the development of the former Ritz Carlton site in Double Bay, Sydney.
Scarborough Pacific’s board is led by independent chairman Alan Beanland, who is currently chairman of Superpartners, Australia’s largest superannuation administrator, and the chairman of CUA, Australia’s largest credit union.
Scarborough Pacific has secured management of two wholesale development funds of the Ashington funds management and property development company, Ashington Development Fund 1 and Ashington Development Fund 2.
Australian Property Journal
