Delfin Limited

Delfin, formerly the Development Finance Company Ltd (DFC) was a business carrying out residential developments. It was acquired by Lendlease in 2001.

Delfin
IndustryReal estate development
Founded1953
HeadquartersSydney, Australia

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."[1] The abbreviation “DelFin” was used in the names of some of DFC's subsidiary companies.[2]

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, Delfin built a real estate development called West Lakes. West Lakes is in the upper estuary of the Port River, known as the Upper Port Reach, to the north-west of the Adelaide city centre.[3][2]

In 1983, DFC was acquired by ANZ Bank.[2]

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.[4]

References
  1. Bain, Jim (2012). Marks, Sir John Hedley Douglas (1916–1982). Retrieved 26 July 2019. first published in hardcopy in Australian Dictionary of Biography, Volume 18, (MUP), 2012 {{cite book}}: |website= ignored (help)
  2. Martin, Brian (2013), Delfin : West Lakes and beyond : a developer's diary, Brian Martin, pp. 24–27 & 30–31, retrieved 21 July 2019
  3. "West Lakes Development Act, 1969" (PDF). Government of South Australia. 20 November 1969. pp. 228 & 234. Retrieved 26 July 2019.
  4. "Lend Lease buys Delfin". Archived from the original on 13 December 2010. Retrieved 8 February 2011.
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