John Singleton’s Manboom To Sell Sydney Airport Billboards For Estimated $60m

John Singleton’s Manboom To Sell Sydney Airport Billboards For Estimated $60m
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Aussie media magnate John Singleton is set to cash in big time off the sale of a number of billboards encompassing the Sydney Airport area.

Manboom, which is co-owned by Singleton and property developer Robert Whyte, is expected to get back more than $60 million from selling 17 billboards along Joyce Drive at Sydney Airport, according to Fairfax.

Outdoor giant oOh!media leases the billboards, which have the ability to produce over $550,000 in rent for owners.

A 9,000 square metre block of land will also be included in Manboom’s billboard sale, which is expected to attract developers and private investors.

 

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