Medichs Snag Evandale Farm, Boost Land Empire
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Father-son duo Roy and Anthony Medich are making waves in Australias Southern Highlands, acquiring a massive 585-hectare farm, Evandale, for $40 million from troubled seller Peter Crown. This deal, their second from Crown, boosts their total holdings to 1200 hectares, making them top players in the area. The Medichs previously bid $85 million for a bulk sale from Hume Coal but lost to Crowns $101 million bid. Now, with Crowns grand plans fizzling due to massive debts, the Medichs are poised to capitalize on the changing landscape of the Southern Highlands land game.
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