Monday 16 July 2007

Listed property development company Devine Limited (ASX: DVN) has continued to build-up the strength of its management team in Victoria with the appointment of Luke Hartman as General Manager of Housing-and-Land.

Hartman has been a key member of Devine's national team for three years, initially as Queensland General Manager of Housing-and-Land and, over the past two years, as National Acquisitions Manager.

Devine moved into Victoria in 1997 when it purchased Pioneer Homes Australia, but in recent years it has begun developing fully-integrated residential communities. It is underway with major estates in Berwick, Pakenham, Tarneit and Brimbank, and recently announced the purchase of a 42-hectare parcel at Cranbourne adjoining Casey Field's Sporting Ground.

"We are always looking for good-value opportunities to expand our land holdings in Victoria," said Mr Hartman. "This extends to cultivating joint-venture relationships where we can use our construction, marketing and financing skills to maximise the value of the project.

"Our focus is on creating integrated housing communities that provide a total lifestyle solution for first and second home buyers, close to desirable amenities and transport."

Mr Hartman said Devine was confident about the short and long-term strength of Melbourne's property market.

Further details of Devine Limited Victoria are available on the company's comprehensive web site: www.devine.com.au

Released by: Devine Victoria, 85 Coventry St, South Melbourne, Victoria 3205 Ph: (03) 8699 3100
Contacts: Hartman, General Manager Victoria, Housing & Land, (0437) 633 775

Prepared by: Barry Hyland, PR Plus, Level 1, 272 Pacific Highway, Crows Nest 2065;
Ph: (02) 9439 9191, (0412) 354 992; Email: pluspr@ozemail.com.au