Hancock family farmers have sold their land in western NSW to a developer who is looking to turn the land into a massive industrial site.
The company, called Hancock Land Holdings, said the land in the north-east of the state would be sold in October.
The land is owned by Hancock Family Farms, which was founded by Mr Hancock’s late father and grandfather.
The business has been around for 40 years and Mr Hancock said he would not be surprised if the land sold for a big profit.
“It’s a massive opportunity, it’s the biggest development that has been in this area,” Mr Hancock told 7.30.
“They will be able to make a lot of money.”
He said the company would be using the land to build a new building and a new car dealership.
Mr Hancock is a big supporter of the NSW Government’s plan to build an industrial zone on the site, which he described as a “great idea”.
The Hancock family has owned the land for 40 long years and he said he was not surprised by the sale.
“If you go back to when my grandfather bought it, it was very clear it was a good piece of land,” he said.
Mr Hancock has been involved in a legal battle to protect the property for generations. “
I think it’s a great opportunity and we’ll be working very hard to get it.”
Mr Hancock has been involved in a legal battle to protect the property for generations.
“We’re going to be using this land to make the best possible development for the community,” he added.
Mr Hanson said the sale would be made “in a fair manner” with the community’s input.
“There’s no guarantee that this will actually happen,” he told 7:30.