Veteran merchant banker Mike Crivelli sells in Potts Point

Veteran merchant banker Mike Crivelli sells in Potts Point
Veteran merchant banker Mike Crivelli sells in Potts Point

Perennial Value Limited non-executive chairman Mike Crivelli and his horticulturalist wife Sue have quickly sold their Potts Point apartment.

The Whale Beach-based couple have pocketed $5 million for the apartment in the Mirvac developed Ikon building, inspired by New York's 5th Avenue.

When they paid $2.95 million in 2012 the three bedroom unit had been styled by Amgad Kamel, one of Australia's top designers.

The apartment (above and below), features wall to wall glass showcasing the harbour views and a cocktail bar.

Richardson & Wrench agent Jason Boon sold the apartment.

Veteran merchant banker Mike Crivelli sells in Potts Point

The Crivelli's have previously been based in a Pomeroy apartment nearby which they sold for $7 million in 2012.

That was a seventh-floor, north-east corner four bedroom, four bathroom apartment with wide terraces offering views of the harbour.

They bought the Winten-built apartment off the plan for $4.5 million in 2002 and then they worked with the building's architect, Susan Rothwell, to configure it to their specifications.

In 2003 just before its completion the merchant banker sold his Longueville mansion, Kara, after 25 years’ ownership, for $4,237,500.

Crivelli spent 20 years at BT before co-founding Perennial Investment Partners in 1996.

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