Huge Sydney site seized in money laundering raids hits the market

France Nouvelles Nouvelles

Huge Sydney site seized in money laundering raids hits the market
France Dernières Nouvelles,France Actualités

The rural site that Country Garden paid $91 million for in 2017, and then sold for just $41 million in 2021, was seized by the Australian Federal Police in February.

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 90%

Country Garden – or Risland as it is now known in Australia – paid $91 million in 2017 for the site in Cawdor and a recordThe Cawdor site is expected to sell for less than $40 million.

Bathla then sold the site to a company called Golden Capital Commercial Logistics for $47 million in September 2022. A photo provided by the Federal Police in February showing a suspect being led away from his Vaucluse home.While the asking price has not been disclosed, local valuers suggested it could now be worth less than $40 million.

Existing zoning permits a diverse range of uses including agriculture and rural industries, to include freight depots, places of worship, cemeteries and education.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

FinancialReview /  🏆 2. in FR
 

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Building boom lifts Melbourne to country’s biggest hotel marketBuilding boom lifts Melbourne to country’s biggest hotel marketHaving replaced Sydney as the country’s most populous city, Melbourne has also leapfrogged its NSW rivals as the biggest hotel market.
Lire la suite »



Render Time: 2025-01-13 11:22:05