Delfin, formerly the Development Finance Company Ltd (DFC) was a business carrying out residential developments. It was acquired by

Lendlease Lendlease is a globally integrated real estate company that creates and invests in communities, workplaces, retail, and infrastructure projects, headquartered in Barangaroo, New South Wales, Australia. History Founding The company was estab ...

in 2001.

History

Delfin was established as the Development Finance Company by John Marks in 1953. DFC became a public company in 1957 and was listed on the stock exchange in 1959. The purpose of DFC was to serve as an "investment banking service" that would "assist Australia’s industrial development by providing long-term finance and permanent capital to Australian companies." The abbreviation “DelFin” was used in the names of some of DFC's subsidiary companies. DFC entered the real estate development market in 1969 via an indenture signed by its subsidiary, Delfin Management Services Pty Ltd and the Government of South Australia to built a real estate development to be called “West Lakes” in the upper estuary of the

Port River The Port River (officially known as the Port Adelaide River) is part of a tidal estuary located north of the Adelaide city centre in the Australian state of South Australia. It has been used as a shipping channel since the beginning of European ...

(known as the Upper Port Reach) to the north-west of the

Adelaide city centre Adelaide city centre (Kaurna: Tarndanya) is the inner city locality of Greater Adelaide, the capital city of South Australia. It is known by locals simply as "the City" or "Town" to distinguish it from Greater Adelaide and from the City of Ad ...

. In 1983, DFC was acquired by ANZ Bank. After separating from ANZ, Delfin Property Group was acquired by Lendlease in 2001 for $172 million (AUD). Upon acquisition, Delfin Property Group was de-listed and became Delfin Lend Lease, a subsidiary company of Lendlease.

References

{{Lend Lease Group Financial services companies based in Sydney Investment companies of Australia Companies listed on the Australian Securities Exchange Lendlease Shopping center management firms Real estate companies of Australia fr:Lend Lease Corporation wuu:Lend Lease