Settlement shows the cashed-up buyer of one of the 11 townhouses in the exclusive gated community, Grande, is Junying Ren, the wife of Chinese pharmaceutical mogul Zhenjiang Li.
Lockley Manor, the newly built residence in Pyrmont’s Grande development, sold for $17.75 million.Credit:Domain
Mr Li, who was ranked among China’s billionaires by Forbes more than a decade ago, is chairman of the China Shineway Pharmaceutical Group, as well as having been a representative to China’s 10th and 11th National People’s Congress.
It is one of three grand manors at the centre of the development, of which another is the registered Sydney home of TWT Property’s chairman David Tin, and the third and largest six-bedroom manor, featuring a private swimming pool, is being offered for $22 million by McGrath Projects’ Murray Wood.
Fashion designer Karen Gee has bought into the Grande development for $7 million.Credit:Tamara Dean
Fashion designer Karen Gee looks to have also made it her new home, with records showing her husband, Macquarie Bank executive director Andrew Gee, buying a $7 million residence in the complex last year.
KAK’s $22 million buyer
Kerri-Anne Kennerley has swapped her $22 million Woollahra home for a $13 million pad in Double Bay.
Television queen Kerri-Anne Kennerley has finally settled on her $22 million sale of her long-held Woollahra terrace, revealing the buyer to be returned expats Peter and Candice Berger.
The Bergers have been based in Chicago in recent years, where Peter has been part of the success story that is Akuna Capital, a trading firm founded by fellow Aussie Andrew Killion in 2011.
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Killion made a grand return to Sydney’s housing market in 2020 when he paid $30 million for the Vaucluse home of media scion Alexander Ma.
Meanwhile, the Bergers had already lodged a DA for $5.5 million worth of “alterations and additions” to their new Victorian manor, following its sale last year by rugby star turned buyer’s agent Craig Wing.
The purchase by the 36-year-old Bergers has freed KAK to downsize to the Double Bay waterfront, where records show she was the $13.8 million buyer of an apartment in the converted 1850s Gothic mansion, Gladswood House, that was listed late last year by Ray White Double Bay’s Alan Fettes.
The Gladswood House apartment sold by Rob Rankin in 2016 for $4.75 million has resold for $13.8 million to Kerri-Anne Kennerley.Credit:
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KAK’s purchase price did well by David Baldwin, senior managing director at Macquarie Asset Management, and interior designer wife Juanita Baldwin, who paid $4.75 million for it in 2016 from former Crown chairman Rob Rankin.
Ampol boss cashes in
Ampol chairman Steve Gregg has returned his historic “Gatehouse” in Point Piper’s Ardenbraught converted mansion to the market, this time with a $5.5 million guide, through 1st City’s Julian Hasemer.
The Point Piper house of Steve Gregg is up for sale for $5.5 million.
This is the free-standing townhouse Gregg purchased in 2013 for $2.63 million from Gayle Rivkin, widow of the late stockbroker Rene Rivkin.
It was last on the market in 2019 with $4.7 million hopes, following his purchase of Kiwi businessman Sir Owen Glenn’s $9 million pad.
Medical entrepreneur makes $60m return to Sydney’s trophy home market
Source: Philippines Alive
