By Lucy Macken
The Elizabeth Bay apartment record looks to have been reset thanks to the sale of the Toft Monks apartment that was for decades the private retreat of the late Kerry Packer.
The marketing was quietly slipped from the internet this week by Pillinger’s Brad Pillinger, having been offered to buyers late last year with a $25 million asking price on behalf of Packer’s long-time confidant Julie Trethowan.
Pillinger’s only comment was to confirm it has sold, but with no disclosure of the price it will be left until settlement to reveal if it tops last year’s $20 million penthouse sale by Rosanna Hindmarsh, wife of Canberra’s construction boss John Hindmarsh.
The two-storey penthouse was for decades maintained as a private retreat for Packer as a home away from his family compound, Cairnton in Bellevue Hill, reportedly with a chef, chauffeur, nurse and housekeeper in attendance until he died on Boxing Day, 2005.
It was originally the sub-penthouse of the landmark 1967-built complex, purchased by Packer in 1979, and consolidated with the penthouse above in 1999 after it was sold for $4 million by the late independent and Liberal Party MP Jack Beale.
Trethowan is bound for the Barangaroo tower built by Packer’s son James Packer as part of the Crown Resorts flagship casino, where in March she settled on a $24 million spread, upstairs to Packer junior’s $72 million pad.
The Barangaroo tower this week secured its second-highest apartment sale when retired colonel Andrew MacNab and his wife Melanie settled on the whole-floor spread directly below Trethowan for $44 million.
The MacNabs are moving from Centennial Park where in February they sold their Federation home for $20.5 million to Aussie Home Loan heiress Deborah Symon O’Neil and her husband Ned.
Keating’s Elizabeth Bay reshuffle
Former prime minister Paul Keating has reshuffled his Elizabeth Bay investment portfolio, offloading one apartment and snapping up a studio up the road.
Keating has long shown a penchant for historic real estate, as exemplified by his former ownership of Woollahra’s Queen Anne-style residence St Kevin’s, and his recent investment choices are in keeping with that.
Records show Keating paid $485,000 for a studio in Elizabeth Bay’s art deco building The Selsdon, just months after he offloaded an apartment in the nearby 1930s-built Darnley Hall building.
There’s no sale result on company title records, but it had a $3.45 million guide when it was listed in January, having been purchased in 2007 for about $1.3 million.
Whitlam’s return to Woollahra
Former investment banker-turner-corporate high-flyer Nick Whitlam and his wife Judy have made a return to Woollahra after almost 20 years on the South Coast.
Records show the couple have bought a three-bedroom spread in the art deco Belford block of apartments for just shy of $4 million.
The Whitlams decamped from the eastern suburbs in 2004, selling their Paddington terrace for $2.75 million, to move to Scarborough on the South Coast.
The son of former Labor legend and prime minister Gough Whitlam flagged his intention to return to the eastern suburbs late last year when he listed his clifftop home down south.
The architect Keith Cottier-designed house sold for close to $6 million through Forbes’ Ken Jacobs and Christie’s James Hall.