Sirius’ mystery $35m penthouse buyer revealed amid hopes of $50m resale

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As the finishing touches are made to the redeveloped Sirius gathering astatine The Rocks – gone are the nationalist lodging residents, replaced by luxury finishes and multimillionaire buyers – determination are already resale plans by the mystery purchaser of the $35 cardinal penthouse.

As this masthead revealed earlier this week, the penthouse that sold off-the-plan 3 years agone – nicely timed to coincide with the merchandise of income successful the $150 cardinal residential task – is for merchantability for $50 cardinal without the purchaser having settled connected the purchase.

An artist’s content of the Sirius penthouse, present backmost up for merchantability for $50 million.

The deficiency of accusation astir the purchaser was keenly felt by the likes of Title Deeds fixed they were said to travel from Point Piper, which conveniently formed the purchaser demographic of the erstwhile lodging committee artifact successful a wholly antithetic light.

Jean-Dominique Huynh heads up JDH Capital, which bought the Sirius gathering for $150 million.

Mystery solved now, though. That purchaser was Jean-Dominique Huynh, who heads up the developer down the Sirius redevelopment JDH Capital. In different words, the penthouse was an in-house sale.

And Huynh isn’t from Point Piper astatine all, though Vaucluse is not acold distant.

It’s not the archetypal clip a developer has released details connected a apical merchantability arsenic the remainder of the gathering is released to the market. Remember James Packer’s acquisition successful Crown’s One Barangaroo tower?

Crown announced it to the ASX successful 2017 arsenic a $60 million-plus sale, which was followed soon aft by a twelve trophy income successful the building. It settled to Packer’s firm interests four years aboriginal astatine much than $72 million.

The redevelopment of the Sirius gathering astatine The Rocks is nearing completion.

Huynh’s penthouse is again listed with CBRE and Stuart Residential’s Ben Stuart, and is acceptable successful a recently built, astir 400 quadrate metre conception of the gathering atop the archetypal Tao Gofers-designed brutalist landmark.

Huynh, who turned 40 past Sunday, and his woman Rianna Yanhui Huynh are alternatively readying a rebuild of their $4.2 cardinal Vaucluse house, for which assembly has already approved demolition to marque mode for a three-level residence designed by MHN Design Union.

Little was known publically astir Huynh earlier his JDH Capital purchased the landmark tract from the authorities authorities successful 2019 for $150 million, different than that helium is simply a erstwhile Macquarie banker and has household links to Vietnam’s “fashion powerfulness couple”, Johnathan Hanh Nguyen and his actress-turned-entrepreneur wife, Le Hong Thuy Tien.

JDH Capital’s adjacent large gig is simply a redevelopment of the Sir Stamford edifice astatine Circular Quay, which was sold for $380 cardinal by Singaporean tycoon Chio Kiat Ow. Corporate records amusement the institution that bought it is linked not conscionable to Huynh but besides to chap eastern suburb local Garrett Jandegian, a erstwhile co-owner of the alkaline h2o concern Aqualove.

Second clip lucky

It seems Monte Carlo-based creation advisor Richard Thompson won’t beryllium claiming bragging rights to Paddington’s $14 cardinal location terms grounds aft all, fixed the spot for which helium agreed to wage that magnitude is backmost up for sale.

Brompton is simply a consolidation of 2 Victorian terraces acceptable connected a 400 quadrate metre parcel successful Paddington.

Take 2 of the run to merchantability the expansive Victorian residence connected 400 quadrate metres, called Brompton, comes 10 months aft Thompson exchanged to bargain it conscionable days earlier its scheduled June auction.

Jacqueline Bailey astatine her Paddington home, Brompton, with her canine Honey.

Long earlier doubts were raised astir whether Thompson would settee connected it, the effect was regarded arsenic a triumph acceptable to people the tallness of the lodging boom. For cause Maclay Longhurst, present of Sotheby’s, it topped the nearest location terms by $2 million, and for vendor Jacqueline Bailey it was a recognition to her lavish Versailles-inspired renovation.

But what a shemozzle it’s been since then. Bailey moved retired successful readiness for the caller owner, lone to person to determination backmost erstwhile colony was delayed good past the November last deadline.

And the suburb grounds has been reset astatine $20 cardinal for an flat bought by writer Darleen Bungey and environmentalist businessman Geoff Cousins.

Longhurst has again been enlisted to merchantability Brompton, and again with hopes of claiming suburb grounds presumption – for a location astatine slightest – astatine $14 million, this clip with overmuch of the lavish furnishings included.

Sticky listings

Still with buyers who don’t settee connected purchases, retrieve Christian Wang? He is the Australia-China commercialized specializer who went connected an $80 cardinal buying spree from Point Piper to Vaucluse, lone to not settee connected immoderate of them.

The Vaucluse location sold by the Thomson household twice, astir precocious for $17 cardinal to Nico Tjen.

One of those purchases was for astir $23 cardinal for a Vaucluse location owned by recruitment businessman Duncan Thomson and his woman Verity. Despite Wang lodging his involvement connected rubric successful a institution name, the woody ne'er settled, and a twelvemonth aboriginal it was returned to the market.

It has sold again, erstwhile much by Laing+Simmons’ D’Leanne Lewis, this clip for $17 cardinal to Nico Tjen of the Oceania Property improvement family.

Wagstaffe’s apical buyer

Prominent thoroughbred proprietor and breeder John Cornish intelligibly has a deep-pocketed affection for Wagstaffe, judging by his caller $8 cardinal currency acquisition of a two-bedroom location connected the waterfront.

It takes Cornish’s tally of houses successful the Central Coast enclave to four.

John Cornish is the erstwhile president of the Australian Turf Club and Australian Jockey Club.

Cornish’s acquisition comes arsenic 1 of his different section houses goes up for merchantability by McGrath’s Dale Bassett for $5.75 million. Having bought it for $3.5 cardinal successful 2020, Cornish has renovated it throughout.

The erstwhile president of the Australian Turf Club and Australian Jockey Club has been spending much clip successful Wagstaffe pursuing the decease of his woman Pam successful 2020 and the merchantability of his Hunters Hill flat the pursuing twelvemonth for $7.8 million.