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.
Weekly NewsletterEvery Thursday afternoon, we package up the most-read and trending RiotACT stories of the past seven days and deliver straight to your inbox..
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.