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20 May 2005

Delfin Lend Lease Wins Tender to Develop $500m New Suburb of Forde in Canberra
Lend Lease Corporation Limited today announced that its subsidiary, Delfin Lend Lease Limited, in partnership with Canberra Investment Corporation, has won a national tender to develop the new suburb of Forde in Canberra.

The $500m project, expected to run for 6 years, will incorporate 1,000 homes with a total population of approximately 3,000 people upon completion. Subject to statutory approvals, development on site is expected to commence in late 2005.

Further details are included in the attached media statement.

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