$6.4 million paid for Laurie Cox's Wood Marsh-designed Toorak home

An understated contemporary Wood Marsh-designed house in Toorak sold recently for $6.4 million after being listed with $7 million hopes through Kay & Burton's Gerald Delany.

Laurie Cox, the former Potter Warburg executive chairman, is upgrading to a $9.7 million South Yarra abode.

He was a director of the Australian Stock Exchange from its inception in 1987 and its chairman from 1989 to 1994.

1 Douglas Street, a three bedroom house with studio, comes with a lift between its three floors, which include basement parking.

Randal Wood and Roger Marsh designed Douglas Street in 2004 for Cox who wanted a property that could accommodate guests, or carers, as he got older.

Title Tattle gleans Laurie Cox is off to a Marne Street pad in a nine apartment block designed by Allen Powell for developer, Lloyd Williams' Hudson Conway.