THE PROPERTY DEVELOPMENT REVIEW
organisation that over the past three decades has assisted over four-hundred-and-fifty organisations through over $68m in disbursements - a division of the family’s diverse interests that remains one of its cornerstones. By 1996, Terry & George had grown Capital Property Trust into a business with over $530m of funds under management, laying the foundations for Mirvac to acquire a majority stake in a circa $70m deal, a transaction that enabled the pair to move away from the challenges that surround listed company ownership. Utilising the proceeds from the sale of CPT, Terry purchased Canberra Airport from the Federal Government in May of 1998 in a $65m transaction - a deal that has gone down in Australian corporate history as one of the most astute, with his private company Capital Airport Group transforming the site through more than $1bn of investment from sheep paddocks to an integrated accommodation, industrial, office, business park and aerotropolis precinct now valued in excess of $3.0bn. Alongside the remarkable growth of Canberra Airport over the past two-decades, Capital Property
Group has undertaken a number of other precinct- defining projects including Constitution Place, Civic and the mixed-use Denman Prospect development to name a few - additionally, the group has also supported several early-stage firms through the strategic deployment of capital. In 2002 and spurned on by a long-held family association with the area, Terry began amassing landholdings in Bawley Point to create a 2300-acre equestrian parkland now known as Willinga Park - arguably the World’s finest equestrian precinct that also encompasses commercial farming, conferencing, training, and restaurant facilities. Our exclusive interview with Terry Snow AM explores his background, the evolution of Capital Property Group, his passion for philanthropy, the key drivers for success in both life and business and how both the Snow Foundation and Capital Airport Group are embarking on their next stage of growth.
July / August 2023 – 7
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