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Kerry Stokes bought a Perth laneway. No one’s sure why

Billionaire Kerry Stokes has secured approval to close a public road bisecting his sprawling Perth office complex despite the concerns of independent experts, paving the way for a redevelopment that remains shrouded in secrecy.

The City of Perth council this week unanimously backed the removal of public access to the 177-square-metre laneway, which divides three properties owned by a subsidiary of the media mogul’s private firm, Australian Capital Equity.

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Jesinta Burton is The Australian Financial Review’s Western Australia reporter based in Perth. Connect with Jesinta on Twitter. Email Jesinta at jesinta.burton@nine.com.au

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    Original URL: https://www.afr.com/companies/media-and-marketing/kerry-stokes-seals-deal-for-public-road-ahead-of-top-secret-redevelopment-20250529-p5m39e