Kangaroo-turned-financier Jason Little buys Bondi Beach ‘Shell’ for $23 million

As high-end property deals continue in Manly, rumours about Fairy Bower have swirled in recent weeks, with speculation swirling about who is behind the recent record-breaking $35 million home on Shelly Beach.

Among the many names nominated is a former South Sydney Rabbitohs player who has become a rich lister Wes MaasHe is the CEO of ASX-listed construction company Maas Group and his wife Emma Already owned a house on the Catholic Church leasehold high up in the street.

Unfortunately for Rabbitohs fans, Maas’ office denied the purchase, stating: “Wes Maas has not purchased any property.” That’s what happened.

With no clues from Michael Clarke and Cherie Humel of Clarke & Humel, we’ll rely on settlement records to reveal the buyers who have readjusted local high-end residential values, and what kind of work it takes to buy one of the northern beaches’ finest houses.

Allco Finance Reunion

For sale signs and online marketing at event producer Tamarama’s home have been quietly removed Anthony Spanbrook and his medical partner Chris Young This looks like a secret sale.

The estate agency’s Ben Collier and James Ball of Sotheby’s listed the property last year with a $20 million price guide and have stuck to the asking price, suggesting it will sell at that level.

While the agent wanted to keep it all secret, the caveat not only confirmed it had sold, but also indicated it was purchased by a shopper in London Geraldine Cooper-Brown and Neil Brown.

If Brown sounds familiar to those in the financial world, that’s because he was once head of the global capital markets group at investment giant Allco Finance, which managed $4.3 billion in assets when he was hired in 2007.

Of course, a year later, things took a turn for the worse due to the global financial crisis, and Allco went bankrupt with debts of $1.1 billion, becoming one of the most high-profile corporate failures in the country.

Brown’s latest corporate bio contains no mention of this ancient history. Instead, the former private equity operator and co-founder of Minerva Capital Advisors (where he employed his late boss) David Coe) is currently Head of Capital Formation at Low Carbon, a global renewable energy company headquartered in London.

When Brown finally settles into his newly purchased Tamarama residence, he will also be the owner of a Tony Masters-designed residence that, coincidentally, was built by Gordon Fehrknown for Rubicon.

For those who missed the headlines about Allco and Rubicon, the latter was a real estate trust empire founded by Fair and sold to Allco in 2007 in a debt-ridden state. Less than a year later, Allco collapsed.

Fell and his wife Pip had already sold their Tamarama home in 2004 for $6.4 million, and a few years later bought the Routala mansion in Point Piper for $28.75 million. They sold Routala in 2018 for $51 million.

New Zealand Cash Buyer

Michael and Svetlana HurgicOne of New Zealand’s richest families bought an entire duplex in Darling Point for $14 million, mortgage-free.

The three-level property was sold by Bill Malouf of Highland Property for $13 million just days after it was listed. Julia Cooneya yacht enthusiast and daughter of a renewable energy boss Jim Cooney.

In 2018, when she was just 20 years old, Cooney bought the house, her first home in Sydney, for $8.67 million, which she also paid in cash.

The Huljich family has long been a leader in Sydney’s high-end real estate market. Michael’s brother Christopher He owns waterfront land at Point Piper and sold it to “Australian John” Simond In 1999, he bought the house for nearly $11 million. Now the house is Simond’s mansion, which was listed for sale at the time. Last month, it was purchased for more than $200 million..

Christopher’s son Jason Hurgic is another Darling Point local who purchased the Federation residence Callooa in 2020 for $22.65 million.