Elizabeth Gaines, Fortescue Metals boss, trades up in Cottesloe

Elizabeth Gaines, Fortescue Metals boss, trades up in Cottesloe
Elizabeth Gaines, Fortescue Metals boss, trades up in Cottesloe

Elizabeth Gaines, now the chief of Andrew 'Twiggy' Forrest's Fortescue Metals, and husband Kevin Manuel, have traded up in Perth, while staying in Cottesloe.

Having sold their luxury apartment for $3.35 million a few months ago, they've spent around $5.75 million on a nearby new home.

The five bedroom home with office, gym and lift was built in 2016. 

The now sold apartment (above) cost the couple $3.57 million in 2016 when they bought it from the Hughes car dealership family, shortly after Gaines was made CFO at the company.

The three level Cottesloe apartment was in a block of just four designed by the architect Blane Brackenridge. 

It became their WA base after they sold on Sydney northern beaches for $5.2 million early last year.

They resided there in the former home of model and Myer ambassador Jennifer Hawkins and builder husband Jake Wall at North Curl Curl.

Sydney's glamorous property developer couple sold their 2010 built home to Gaines for $4.1 million in 2014, in the Windy Dropdown gated community, having bought the building block for $1,375,000 in 2009.

This article was first published in the Weekend Australian.

Jonathan Chancellor

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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