TWOD Taylor Woodrow

RNS No 3039k
TAYLOR WOODROW PLC 
27 April 1999


            TAYLOR WOODROW ANNOUNCES FURTHER EXPANSION 
           OF ITS AUSTRALIAN LAND DEVELOPMENT OPERATION

Taylor Woodrow has purchased LandCorps interest in the Port 
Kennedy development at Rockingham, Western Australia for 
A$5.950 million.

This latest acquisition brings Taylor Woodrows's interest in 
the 60-hectare residential site to 100% and is the company's 
second deal in the region this year.

In February Taylor Woodrow also increased its shareholding in 
North Whitfords Estates Limited to 100%, following the 
acquisition, for a capital cost of A$5.8 million of the 
interests of the Corser Corporation.

Paul Phipps, Taylor Woodrow's main board director responsible 
for its housing operations commented, 'This second acquisition 
is important for us in terms of our long-term strategic 
expansion in Australia. We are clearly an international 
housing and property group and will continue our emphasis to 
develop these activities in established markets that we 
consider have the potential for future growth.'


Enquiries:
Caroline Wynn
Taylor Woodrow plc
0181 575 4033


Notes to editors:
1. North Whitfords Estates Limited was established in 1968 as a 
joint venture between Taylor Woodrow (Australia) Pty Limited 
and the Corser Corporation. 
2. Taylor Woodrow has a number of high-quality residential 
communities in Perth, Western Australia (at Landsdale, Port 
Kennedy, Canning Vale, Baldivis and Wanneroo) and outside 
Sydney, New South Wales (at Camden and Horsley). 
3. In addition to Australia, Taylor Woodrow has major 
housebuilding operations in the UK, the US, Canada and 
Spain.

END


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