MEDICH FAMILY POCKETS $499,950M FROM BADGERY’S CREEK BONANZA

-Medich Family’s 344-hectare land parcel at Badgerys Creek transacted for $499,950 million. Medich brothers purchased the Badgerys Creek site from the CSIRO for $3.5 million in 1996.

-2017 the sale of the Badgery’s Creek land to BOYUAN Holdings Limited (BHL) contingent on FIRB approval; deal did not go ahead

-THE BUYER entity named ‘Roberts Jones Bringelly’ whose directors include CHENG JIA PAN and BO GONG. THE BUYER also purchased 73 hectares of MEDICH land in Bringelly for $77 million

– Roberts Jones Bringelly has appointed BHL as the development agents for the project

-the Elizabeth Drive site to become a major employment, logistics and mixed-use precinct servicing the Airport and greater Aerotropolis

BUT what does this really mean for Australia?

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