Final funding for Pegasus secured

The funding facility has just been arranged for the next three years of the town's development from BOS International. BOS provided initial funding of $107 million for Pegasus in late 2006.

Infinity Investment Group chief executive Bob Robertson says the rolling funding facility covers all of the likely requirements for the completion of the project.

"We've already sold 775 sections with a value of $176 million, which is around 95% of all the sites we've put on the market. But this additional funding ensures development of all the town's broad range of amenities will go ahead."

BOS’s first funding covered the first phase of the residential development including the golf course and the lake.