Another $21 million Bondi Beach off the plan penthouse sale

Another $21 million Bondi Beach off the plan penthouse sale
Jonathan ChancellorDecember 7, 2020

More than $21 million has reportedly been paid off the plan for a penthouse in the Pacifici Bondi development.

The purchase is in a company name linked to Andrew Roberts, the former chief executive of Multiplex and the son of the late John Roberts, who founded the construction company.

The off the plan penthouse is adjacent to the space that set the previous record in June last year at $21 million.

It was reportedly bought by Will Vicars of Caledonia Investments who bought adjoining penthouses for $10.1 million and $10.9 million and is amalgamating them.

The developers, Allen Linz, of Rebel Property Group, and Eduard Litver, of Capit.el Group, then commissioned this two-storey "lighthouse" covering almost 900 square metres.

The four bedroom apartment, designed by Burley Katon Halliday has 40 metres of Campbell Parade, Bondi Beach frontage.

The Vicars top floor space in the redevelopment of the Swiss Grand Hotel will have a total size of 975 square metres, including a 468 square metre terrace fronting the beach.

The Roberts apartment was set to have a slightly larger internal space which initially came with $25 million to $29 million plus hopes.

The prior Sydney top apartment sale which took place in 2008 for a 12th-floor unit in the Bennelong development at East Circular Quay which fetched $16.8 million when bought by the Moran health care family. It was their third adjoining unit in the complex.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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