Delfin, formerly the Development Finance Company was an Australian business carrying out residential developments. It was acquired by

Lendlease Lendlease is an Australian multinational construction and real estate company, headquartered in Barangaroo, Sydney, New South Wales. History Founding The company was established as Lendlease by Dick Dusseldorp in 1958 to provide finance fo ...

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

Australian Securities Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...

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 The Government of South Australia, also referred to as the South Australian Government or the SA Government, is the executive branch of the state government, state of South Australia. It is modelled on the Westminster system, meaning that the h ...

, Delfin built a real estate development called West Lakes. West Lakes is 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 central business district Adelaide city centre () is the inner city locality of Adelaide, 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 Adelaide l ...

. In 1983, DFC was acquired by the

ANZ Bank The Australia and New Zealand Banking Group Limited, commonly known as ANZ Bank, is a multinational banking and financial services company headquartered in Melbourne, Victoria, Australia. It is Australia's second-largest bank by assets and fo ...

. After being spun off from ANZ, Delfin Property Group was acquired by

in 2001 for $172 million. Upon acquisition, Delfin Property Group was delisted and became Delfin Lend Lease.

Urban developments

DFC initiated a number of urban developments across Australia in the latter half of the 20th century, and into the 21st century. These included: * West Lakes (1970) * Golden Grove (1984) *

Rosewood Rosewood is any of a number of richly hued hardwoods, often brownish with darker veining, but found in other colours. It is hard, tough, strong, and dense. True rosewoods come from trees of the genus '' Dalbergia'', but other woods are often ca ...

(1992) *

Mawson Lakes Mawson Lakes is a residential suburb in the City of Salisbury, Adelaide, Australia. Named in honour of Sir Douglas Mawson, it is located in the northern suburbs of Adelaide, approx. north of the Adelaide CBD. Much of the suburb was previou ...

(1998) * Blakes Crossing (2009) * Springwood (2010) — development interests sold off January 2016, to be completed by Wel.co.

References

{{Lendlease Australia and New Zealand Banking Group Companies based in Sydney Companies formerly listed on the Australian Securities Exchange Investment companies of Australia Lendlease Real estate companies of Australia 1953 establishments in Australia