Matt Hall Racing-led consortium settles at Belmont
A consortium of companies led by Matt Hall Racing has settled its acquisition of the former Belmont Airport site on Lake Macquarie near Newcastle.
The consortium is led by former RAAF pilot Matt Hall’s Red Bull Air Race, aerobatic and corporate flight business, and also includes Airborne, Newcastle Helicopters, and Skydive the Beach. Contracts for the sale were exchanged with former owner Mirvac in May, and the June 30 settlement means the consortium now owns the site.
No new development applications have been submitted for the site as yet, although the consortium hopes to redevelop the site into a thriving recreational aviation hub.