WHEN the global financial crisis hit less than a year after listed property developer Peet had paid $300 million for a 243-hectare land parcel at the northern fringe of Perth, many questioned the wisdom of that purchase.

WHEN the global financial crisis hit less than a year after listed property developer Peet had paid $300 million for a 243-hectare land parcel at the northern fringe of Perth, many questioned the wisdom of that purchase.