Morris Symonds spends $8.2 million in Palm Beach
Morris Symonds, the Bellevue Hill-based partner of investment company Alceon, has spent $8.2 million in Palm Beach.
They've emerged as the buyers of Sandy Point Lodge, the Barrenjoey Road waterfront that once belonged to famed fashion designer Trent Nathan.
Nathan sold the property for $5,125,000 in 2003, when bought by the current vendors, adman Lionel Hunt and his wife Judy.
The classic updated 1940s cottage has three bedrooms and a 10 metre swimming pool on its 1,075 square metre block.
LJ Hooker Palm Beach agent Peter Robinson secured the Barrenjoey Road sale.
Symonds co-founded Alceon in 2010.
This article first appeared in The Daily Telegraph.
