Can't build cairo via Makefile on win32

I'm getting this when compiling from cairo-1.10.2.tar.gz:

$ make -f Makefile.win32 CFG=release

making all in src...
make[1]: Entering directory `/g/cairobuild/cairo/src'
../src/Makefile.sources:217: *** missing separator.  Stop.
make[1]: Leaving directory `/g/cairobuild/cairo/src'
make: *** [cairo] Error 1

I'm not sure what's wrong in Makefile.sources, this looks clean to me,
line 217 onwards:
if CAIRO_HAS_PDF_SURFACE
req_cairo_deflate_stream_sources = $(cairo_deflate_stream_sources)
endif

I've followed the instructions from here, I haven't touched much in
cairo's sources except replaced a reference to "zdll.lib" with
"'zlib.lib" in the /build/Makefile.win32.common file. But even without
any changes I still get that make error.
http://featherweightmusings.blogspot.com/2011/06/building-cairo-in-windows.html
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