The Northern Gateway site, which is earmarked as the logistics and employment hub for the airport, is a critical strategic asset. Yet the Guardian has confirmed the purchase will not require approval by the Foreign Investment Review Board because the two shareholders of the company are Australian citizens, and debt funding is not scrutinised by Firb.
A map showing the Northern Gateway of the new western Sydney airport in the NSW government’s draft Aerotropolis Precinct Plan. Photograph: NSW government
Pan, who spoke to the Guardian on behalf of the company, said: “Roberts Jones Funds Management and a consortium of major institutional financiers supported and assisted in debt funding the acquisition.