First foundations in Sydney’s west

Our History

First foundations in Sydney’s west

 

Peter and Lubo Medich have been recognised as business pioneers of Sydney’s south-west. Their first purchase was the Protea Cinema, renamed the Royal Theatre, in Cabramatta in 1952 followed by two additional theatres The Royal at Chester Hill and The Regal at Liverpool. This expansion was followed by the purchase of a drive-in cinema. Peter is pictured below outside the Royal Theatre at Chester Hill.

 

Peter Medich at the Royal Theatre

 

Over the next decade Peter and Lubo moved into the hospitality industry, building the Stardust Hotel-Motel in Cabramatta in 1960 and then the El Toro Hotel-Motel at Warwick Farm in 1970. At the time, these hotels were seen as shining examples of the latest designs, and became a vibrant part of the community.

 

Over the decades, the brothers built diversified investments in shares, film production, farming, horse racing and property. Medich Production became the first independent film producer in Australia to make a major investment in international film production in 1973. Peter (centre) pictured below with Rod Taylor.

 

Peter Medich

 

When Peter Medich died in 1978, the family holdings were split between his sons Roy and Ron, and Lubo and his sons.

 

 

Diversification and growth in our second phase

 

Roy and Ron Medich focused on property investments as they built their independent holdings in the Medich Property Group. With a diverse range of acquisitions, they developed and managed a substantial portfolio of commercial, industrial and residential properties throughout Sydney.

 

As their own children became involved in the family business towards the end of the century, they began splitting the holdings once again to ensure smooth succession planning.

 

 

Our third chapter and a new entity

 

Following the sale of their successful Norton Plaza development in 2007, Ron and Roy Medich effectively separated their businesses. Roy and his son Anthony, now joint Managing Directors of Medich Corporation, continue to diversify their holdings with extensive land investments in the Hunter region, and have gone back to their family’s hotel heritage with the purchase of a number of prominent Sydney hotels, the Woolwich Pier Hotel and the Woolloomooloo Bay Hotel, Hotel Centennial and the Buena Vista Hotel. They are joint directors of the two businesses running these projects, Belford Land Corporation and Halcyon Hotels.