ðə dɪvˈɛləpmənt wʌz nˈeɪmd ˈæftɚ sˌɜː mˈælkəm fɹˈeɪsɚ, hˌuː hæd fˈʌndᵻd ðə pˈɜːtʃɪs ʌvðə lˈænd ˌɔn wˌɪtʃ ɪt wʌz bˈɪlt.
The development was named after Sir Malcolm Fraser, who had funded the purchase of the land on which it was built.