Kerry Stokes has moved to buy a public road from the City of Perth
The road will connect three properties owned by the powerful WA billionaire
It’s believed the purchase will expand the footprint of Mr Stoke’ private office
Media and mining billionaire Kerry Stokes is trying to buy a public road, understood to be part of an effort to quietly expand the footprint of his influential private office in the middle of Perth.
City of Perth council received an unsolicited offer to purchase the laneway that ran between three West Perth buildings owned by a corporate vehicle tied to the businessman earlier this year.
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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
