can anyone confirm?

Hello Mark100 and others.
Is anyone following CIY lately? I have posted a couple of comments on HC that I would like anyone to make comment on.

Has anyone got any comment to make on CIY's proposed industrial land purchases and residential land purchases in Melbourne. The land is already picked out and negotiations are well underway.
Phil Sullivan has made comment that the industrial land purchase is consistent with CIY's strategy to diversify. CIY are ready to proceed but deal is contingent on finding suitable JV partners that they are currently in discussions with at the moment. There are a few interested parties. Similar to prior deal already struck elsewhere where CIY supplies the funds and developer (SDG?) carries out all the planning and construction.

Also I am very interested to hear any info from anyone regarding the proposed sell down of Director's shares over the next few months, supposedly to insto's. Any news, anyone? I hope they are not preparing to sell any on market although there has been some consistent heavy selling between $4.89 and $5.00 of late. I presume it will be offmarket for obvious reasons.

There was good discussion on this thread but seems to have lost interest, hope we can get it going again because CIY seem to be active although quiet.