This in from a spokesperson for the Canberra Airport on their coup announced overnight:
Capital Property Corporation has purchased an 8.75% share of the 500 hectares of land known as North and South Tralee, from a previous owner.
The land is in NSW and lies in a rural corridor south of Canberra Airport, under the Canberra Airport flight paths.
Holding a share of the property makes CPC a tenant-in-common with the other landholders in North and South Tralee.
Any current or future use of the land requires the agreement from all such tenants-in-common, regardless of shareholding.
Word is they paid the best part of a million, although one wonders what they’ll do with it now.