.
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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$5.44 |
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Mkt cap ! $3.754B | |||
| Open | High | Low | Value | Volume |
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