Development Site Near Perth International Airport Sells For $20 Million

A 12.1 hectare parcel of land near Perth Airport sold to a private owner for $20 million.

The leasehold land, which has 90 years left to run on a lease, is owned by the Westralia Airport Corporation – the private company that operates Perth’s international and domestic airports.

A private owner reported to be Michael Hodgson has purchased the site, but this could not be confirmed by the AFR which reported the deal. Mr Hodgson is the director of several property companies. He also owns Perth’s Botanica Bar, in Innaloo.

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