Medical Entrepreneur Makes $60M Back at Local Sydney Trophy Market

The deal shows that the cash buyer of one of the 11 row houses in the exclusive gated community, Grande, is Junying Ren, the wife of Chinese pharmaceutical tycoon Zhenjiang Li.

Lockley Manor, the newly built residence in the Grande de Pyrmont development, sold for $17.75 million.Credit:Domain

Li, who was ranked among China’s billionaires by Forbes more than a decade ago, is chairman of China’s Shineway Pharmaceutical Group, as well as having been a representative at the 10th and 11th China National People’s Congress.

It is one of three grand mansions at the center of the development, another of which is the Sydney-registered home of TWT Property chairman David Tin, and the third and largest six-bedroom mansion, with private pool, is being offered for sale. $22. million for Murray Wood of McGrath Projects.

Fashion designer Karen Gee purchased the Grande development for $7 million.

Fashion designer Karen Gee purchased the Grande development for $7 million.Credit:Tamara Dean

Fashion designer Karen Gee appears to have made it her new home as well, with records showing her husband, Macquarie Bank CEO Andrew Gee, bought a $7 million residence in the complex last year.

$22 million buyer of KAK

Kerri-Anne Kennerley traded her $22 million home in Woollahra for a $13 million home in Double Bay.

Kerri-Anne Kennerley traded her $22 million home in Woollahra for a $13 million home in Double Bay.

TV queen Kerri-Anne Kennerley has finally settled on the $22 million sale of her Woollahra terrace, revealing the buyer to be expats Peter and Candice Berger.

The Bergers have settled in Chicago in recent years, where Peter has been part of the success story of Akuna Capital, a trading company founded by fellow Australian Andrew Killion in 2011.

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Killion made a big comeback to the Sydney real estate market in 2020 when he paid $30 million for media scion Alexander Ma’s Vaucluse home.

Meanwhile, the Bergers had already filed a DA for $5.5 million in “alterations and additions” to their new Victorian mansion, following its sale last year by rugby star turned buyers agent Craig Wing.

The purchase by Bergers, 36, has freed KAK to downsize to the Double Bay waterfront, where records show she was the $13.8 million purchaser of an apartment in the converted Gothic mansion of the decade. 1850 Gladswood House, which was listed late last year by Alan Fettes of Ray White Double Bay.

The Gladswood House apartment sold by Rob Rankin in 2016 for $4.75 million has been resold for $13.8 million to Kerri-Anne Kennerley.

The Gladswood House apartment sold by Rob Rankin in 2016 for $4.75 million has been resold for $13.8 million to Kerri-Anne Kennerley.Credit:

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KAK’s purchase price was welcomed by David Baldwin, a senior managing director at Macquarie Asset Management, and the wife of interior designer Juanita Baldwin, who paid $4.75 million for it in 2016 from former Crown chairman Rob Rankin.

The head of Ampol charges in

Ampol Chairman Steve Gregg has put his historic “Gatehouse” in Point Piper’s converted Ardenbraught mansion back on the market, this time with a $5.5 million guideline, via 1st City’s Julian Hasemer.

Steve Gregg's Point Piper home is for sale for $5.5 million.

Steve Gregg’s Point Piper home is for sale for $5.5 million.

This is the detached row house that Gregg bought in 2013 for $2.63 million from Gayle Rivkin, widow of the late stockbroker Rene Rivkin.

It was last on the market in 2019 with $4.7 million hopes, following its $9 million purchase of New Zealand businessman Sir Owen Glenn’s platform.

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