Business
The $499m question: who’s behind a massive Sydney airport land purchase? – The Guardian
The site for a huge logistics and employment hub has been bought by relatively unknown property figures, but exactly how the development is being funded is unclear…
Two relatively unknown property figures are the faces of a fund that has paid $499m for one of the biggest and most important development sites adjoining Sydneys new second airport.
The sale of the 344ha site by Roy and Ron Medich to Roberts Jones Funds Management has sparked interest and not just for the relative obscurity of Bob Gong and Jonathan Pan, who head the fund.
The Northern Gateway site, which is earmarked as the logistics and employment hub for the airport, is a critical strategic asset….
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