Australia's new international airport represents a potential bonanza for developers and landowners in some places, a small wire fence is all that separates the multimillionaires from those missing out.
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The billionaire Perich family are among about a dozen landowners near Sydney’s second airport to have avoided the state government acquiring their land for an $11 billion metro rail line after a decision was made last year to tunnel under farmland instead of crossing it.
A cabinet in confidence report shows Sydney Metro, which is delivering the rail project, was preparing to acquire about five hectares from the Perichs at Bringelly in western Sydney.
The report, which detailed a strategy for acquiring land, had recommended that entering a dialogue with one of the Perichs companies should be treated as a priority .
Move to build grid-scale solar on industrial rooftops across Australia
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Move to build grid-scale solar on industrial rooftops across Australia
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The former Ford and General Motors Holden sites will soon become part of a network of rooftop solar farms and grid-scale batteries as part of a joint venture between Australia’s largest commercial and industrial real estate owner and a renewable energy company.
Ross Pelligra, chairman of the property giant Pelligra Group, said his organisation will give CEP Energy access to 10 million square metres of rooftop space it owns around the country, allowing the group to sell discounted energy directly to tenants engaged in power-hungry manufacturing processes, and to sell excess power to the grid.