Lendlease Group · ASX:LLC
Lendlease — Corporate Update (November 2007)
10 slides from Lendlease's corporate update, November 2007
Slide 1: Investor Site Tour ― Melbourne
Investor Site Tour ― Melbourne November 2007 Appropriate Caroline Springs photo Martin Gaedke Project Director 1
Slide 2: Caroline Springs
Caroline Springs Location: 22 kms north-west of Melbourne Project size: 800 hectares comprising 8,000 dwellings to house 23,000 people Town centre of 132 hectares with 20,000m2 retail component Commencement date: 1997 Completion date: 2012 2
Slide 3: Caroline Springs – Commercial Structure
Caroline Springs – Commercial Structure M.E.L.T. Delfin Lend Lease Caroline Springs Joint Venture D.M.S. (project management services) Project Land payment to M.E.L.T. Profit share between % of sales revenue JV partners 3
Slide 4: Caroline Springs – Housing
Caroline Springs – Housing Offering diverse living options Range of price points Broad market reach New product development 4
Slide 5: Caroline Springs – Key Features
Caroline Springs – Key Features Town centre precinct offering shopping, dining, education, community, civic and recreation facilities 120 hectares of open space to include formal gardens and 20 hectares of lakes and creek reserves At least 60 kms of hike and bike trails, 10 tennis and basketba
Slide 6: Caroline Springs – Town Centre
Caroline Springs – Town Centre Retail Shopping centre (20,000m2) owned by APPF & Core Plus Fund and managed by Lend Lease Retail Community Services 24-hour police station Vet hospital Recreation Recreation facilities (indoor, outdoor, health centre/gym) Civic & Cultural Library & c
Slide 7: Caroline Springs – Town Centre
Caroline Springs – Town Centre Education 4 schools (State, private and Catholic) Tertiary offering (University of Ballarat) Residential Inner suburban residential precinct Housing options Commercial Commercial / office Lifestyle (cafes / restaurants & entertainment) Hotel (accomm
Slide 8: Caroline Springs – Financials
Caroline Springs – Financials FY06 FY07 FY08* Project profit (Delfin Lend Lease) A$5.3m A$17.8m A$17.9m Sales revenue (including non-residential) A$54m A$133m A$101m No. of residential lots settled 348 441 559 * Latest forecast 8
Slide 9: Caroline Springs – Competitive Advantages
Caroline Springs – Competitive Advantages Continuing sales momentum and price appreciation Achieving market share of up to 40% in a competitive region Successful delivery of the community aspects of the project Timely delivery and communication of the Town Centre The market positioning of
Slide 10: Caroline Springs – Program / Timeframes
Caroline Springs – Program / Timeframes Launch 2 new display villages February 08 Opening of major commercial offering (Lot 2501) June 08 Completion of Lot 2514 (commercial) December 08 Opening of Stage 2 of shopping centre Mid 09 Delivery of hotel (accommodation) December 09 10