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Lend Lease Group (ASX:LLC) has secured a $1 billion urban community project at Werribee in Victoria.
The property developer says construction on the 438 hectare site, located around 30 kilometres south-west of Melbourne, will take place over the next decade.
The Werribee committee is expected to comprise of around 4,000 homes, four schools, a shopping centre and local community, sport and recreation facilities.
The first sales are due mid 2012.
In the first six months of the 2011 financial year Lend Lease posted a net profit of $227 million.
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Last
$5.44 |
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-0.010(0.18%) |
Mkt cap ! $3.754B | |||
| Open | High | Low | Value | Volume |
| $5.45 | $5.47 | $5.44 | $5.763M | 1.053M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17998 | $5.44 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.45 | 4414 | 1 |
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