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Answered 2009-07-16 08:53:56

They own £445m worth of freeholds and £273m of leaseholds (2008 Annual Report)

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Freehold means one can possess a piece of real estate forever. This is in contrast to leasehold, which means one can own property for a fixed number of years granted by a lease.An example of leasehold is any property in the city of Canberra, which may only bel owned by leasehold, as it is Crown Land. Other cities of Australia have mostly freehold property.


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