Air­port Stan’s prof­its fly high

Weekend Gold Coast Bulletin - - BUSINESS -

WA bil­lion­aire Stan Per­ron, who at 95 has hun­dreds of mil­lions of dol­lars in­vested in the Gold Coast, is fly­ing high.

His Per­ron Group net­ted $256 mil­lion in its lat­est year, an $11 mil­lion lift on the year ear­lier.

Mr Per­ron (pic­tured with wife Jean Per­ron and Mal­colm McCusker) is the joint owner, with the Queens­land Air­ports Ltd In­fra­struc­ture Fund, of the Gold Coast Air­port — an as­set that might well be draw­ing on his cash to pay for new ter­mi­nals and air bridges.

He’s also the ma­jor stake­holder in Pa­cific View, a 342ha slab of Woron­gary that will be­come the city’s big­gest es­tate.

Eigh­teen months ago he bought a half stake in the Run­away Bay Shop­ping Vil­lage — not for $160 mil­lion but $159,999,999.

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