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Good news, of sorts, for bitcoin miner James Manning and his wife Louise this week. Not in terms of his digital currency investments. It is the couple’s property that has weathered 2022 better thanks to the sale of their landmark 1960s Woollahra house this week.
Highland Property Double Bay’s William Manning (no relation) declined to reveal the sale price of their distinctively curved house, but he listed it a few weeks ago with a guide of $15.5 million to $16 million and sources say it sold inside that range to high-profile property developer Nabil Gazal Jnr and his wife Tahlija.
The 1960s Woollahra house that was once one of Kerry Packer’s “grace and favour” houses was bought by property developer Nabil Gazal (inset, with his fashion publicist fiancée Tahlija Wall earlier this year).
Manning paid a bullish $16 million for the property a year ago, and wasn’t expected to recoup anything close to that given the way the market has tracked since then.
A year is a long time in property, but even longer in the cryptocurrency market. Indeed, the day Manning settled on the house last September his Nasdaq-listed bitcoin miner Mawson Infrastructure Group’s share price was trading at $US16.49, but as of this week was just 47 US cents.
James Manning is the founder of Mawson Infrastructure Group.Credit:Jessica Hromas
The purchase by Gazal Jnr, brother of Real Housewives of Sydney’s Nicole O’Neil and son of the late property developer Nabil Gazal Snr, comes eight months after he and Tahlija tied the knot.
It is a decent trade up the property ladder for Gazal Jnr from his Darling Point bachelor pad, which he bought in 2016 for $7.1 million.
His brother Nicholas Gazal traded up to Bellevue Hill last year to a $17.4 million mansion, having sold his bachelor pad in Double Bay’s Stamford Cosmopolitan a year earlier for $6.22 million.
The Woollahra house is one of the late Kerry Packer’s “grace and favour” houses that for more than half a century was offered to friends and family in need.
That was until son James sold it in 2018 for $8.37 million to Henley Homes boss Rob Bowen and his partner Skye Holden.
Andrew Lancaster, the Wollongong-based chief of regional broadcaster WIN Corporation, has bought a Sydney bolthole in the Quay Grande at Circular Quay.
Andrew Lancaster has bought a three-bedroom apartment on level 15 of the Quay Grande.Credit:
Lancaster was appointed to the Nine board 18 months ago, and is also chief of billionaire Bruce Gordon’s investment company Birketu, which is the largest shareholder of Nine, owner of this masthead.
WIN chief executive Andrew Lancaster was appointed to the Nine board last year.Credit:Alex Ellinghausen
That makes his new spread – purchased with wife Elizabeth Spirkoski – all the more convenient given it is upstairs from the $9 million pad Gordon and his wife Judith purchased in 2016 for $9 million.
The three-bedroom apartment was listed with Ayre Real Estate’s Adrian Wilson with $8 million hopes before it sold.
The Quay Grande has long been a favourite among the rich-list set. Among Lancaster’s new neighbours is billionaire Andrew “Twiggy” Forrest, who first bought into the building for almost $6 million in 2006 and added its direct neighbour in 2020 for $12.6 million.
Settlement records also revealed a bullish property play in Darling Point by Charlie Reid, co-head of climate infrastructure at the world’s largest fund manager BlackRock, and his wife Molly.
The couple bought the top half of a duplex last year for $15 million, and this week added the lower, two-level apartment for the same price.
No sign yet if they plan to consolidate the two apartments into a $30 million home.
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