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Medichs Snag Evandale Farm, Boost Land Empire

Published 1 week, 6 days ago
Description

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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