iProsperity's Michael Gu readying Mosman house listing

iProsperity's Michael Gu readying Mosman house listing
iProsperity's Michael Gu readying Mosman house listing

No signs yet of its listing, but agents will soon get the chance to take the Mosman home Michael Gu, the founder of the collapsed property group iProsperity, to a spring sale.

Gu paid $10 million for the mansion back in 2017, but has recently quit Sydney after gaining an overseas travel exemption, despite allegedly owing investors $350 million.

IProsperity’s liquidator, Cor Cordis, is understood to have sold Gu’s Rolls Royce Wraith for $502,000 with just 1039km on the clock.

iProsperity's Michael Gu readying Mosman house listing

The luxury Mosman market is strong.

There was a $20m-plus midweek sale of the Alex Popov-designed home of childcare mogul Brendan McAssey and his wife Elizabeth, who are off to Luggie Bank at Mittagong in the Southern Highlands.

iProsperity's Michael Gu readying Mosman house listing

The four-bedroom home, reportedly rented by inter­national superstars David and Victoria Beckham when they came to Sydney in 2018 for the Invictus Games, traded at $17,349,691 in 2016 when bought from Donna Doyle.

This article was first published in the Sunday Telegraph. 

Tags: 
Title Tattle Mosman

Comments

Be the first one to comment on this article
What would you like to say about this project?