Toorak record price paid by Plenary's Phil Dreaver

Toorak record price paid by Plenary's Phil Dreaver
Toorak record price paid by Plenary's Phil Dreaver

The infrastructure executive, Netflow managing director Phil Dreaver has bought the Towers Road, Toorak mansion from rich listers Daniel and Danielle Besen.

The New Zealand-born Dreaver has been with one of Australia’s most successful infrastructure investors since 2005. Plenary and Cintra have recently combined to create a joint venture business, Netflow to compete in the Australia and New Zealand road infrastructure market.

As the chief investment officer for Plenary Australia, the 2005 founding director of Plenary Group North America relocated to Australia in 2015.

He had previously worked as a director in ABN AMRO Bank's Infrastructure Capital Group in Sydney, Toronto and Vancouver.

The $26.25 million deal, reported by The Australian, set Melbourne’s record residential price, bettering the $24.1 million set in July 2015 when Tony and Jennifer Smorgon sold their Robertson Street, Toorak home.

Daniel and Danielle Besen, who reportedly separated last year, are members of the billionaire family which founded retail chain Sussan.

The Wood Marsh-designed home was marketed as representing the pinnacle of modern residential design.
The Wood Marsh-designed home, marketed as representing the pinnacle of modern residential design, was never occupied by the Besen’s.

The Besen’s put the Towers Road property on the market in October through Marshall White director Marcus Chiminello.

The property is set on a 2300 square metre block.

The home has four bedrooms and five bathrooms.
Dreaver recently confirmed that Sydney’s WestConnex was a significant opportunity for the new business and would attract Netflow’s initial focus.
Plenary Group is an independent, long-term investor, developer and manager of public infrastructure with 41 projects worth more than A$29 billion across Australia, Canada and the US.
Plenary is currently developing some of Australia’s largest transport projects including the A$1.6 billion Toowoomba Second Range Crossing, the A$3.7 billion Sydney Metro Northwest and the A$2 billion High Capacity Metro Trains project in Melbourne.
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