Perich Group News Today

Australia's new international airport represents a potential bonanza for developers and landowners — in some places, a small wire fence is all that separates the multimillionaires from those missing out.

Advertisement The billionaire Perich family are among about a dozen landowners near Sydney’s second airport to have avoided the state government acquiring their land for an $11 billion metro rail line after a decision was made last year to tunnel under farmland instead of crossing it. A "cabinet in confidence" report shows Sydney Metro, which is delivering the rail project, was preparing to acquire about five hectares from the Perichs at Bringelly in western Sydney. The report, which detailed...