Lend Lease Wins $527 Million Government Construction Job

Lend Lease Corporation Limited (“Lend Lease”) today announced that its subsidiary, Bovis Lend Lease Limited (“Bovis Lend Lease”), has been appointed Managing Contractor by the Department of Finance and Deregulation for the design and construction of a new central office building for the Australian Security Intelligence Organisation.

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Catalyst Lend Lease Selected as Preferred Partner for Birmingham

Lend Lease Corporation Limited (”Lend Lease”) today announced that its UK public private partnerships (“PPP”) business, Catalyst Lend Lease, has been selected as preferred partner to deliver the £1.2 billion (A$2.7 billion) Building Schools for the Future (“BSF”) project for the City of Birmingham, Europe’s largest metropolitan council.

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Prices in Rural SA record strong growth

Regional South Australia is proving a lucrative investment with house prices soaring in many areas over the December quarter, according to the Real Estate Institute of SA (REISA).
REISA President Robin Turner said the median house price for SA had broken through the $300,000 mark for the first time in December and prices in regional areas had played a big part.

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House prices flat – rents up; REIWA releases data for the Dec quarter of 2007

Preliminary data by the Real Estate Institute of WA suggests Perth’s housing market was flat-lining in the December Quarter of 2007, with no movement either up or down for the last three months of last year.

However, REIWA President Rob Druitt said he expected the data to show a small overall increase once final settlements are processed.

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Agents call for patience as rental crush resurfaces

Real estate agents and property mangers are urging prospective tenants to be patient as the annual rental crush resurfaces in Perth.

President of the Real Estate Institute of Western Australia, Rob Druitt, said seasonal factors and the low vacancy rate for accommodation was causing stress with many over worked agencies struggling to keep up with enquiries.

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Interest rate rise unwelcome in WA

The Real Estate Institute of Western Australia said today’s lift in the official cash rate by the Reserve Bank was not surprising but was disappointing.

REIWA President Rob Druitt said the WA property market was ‘cool and stabilising’ after the boom and did not require any further brakes applied to it.

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