Former Multiplex boss Andrew Roberts and his wife Andrea have $18m guide in Bellevue Hill
Former Multiplex boss Andrew Roberts and his wife, Andrea, have listed the Bellevue Hill home they bought for $15.6m four years ago with Michael Pallier of Sydney Sotheby’s International Realty.
Now based in London where they own a property in Mayfair, the couple have recently spent a small fortune on a substantial renovation of the six-bedroom, nine-bathroom property with a 10-car garage on a 1400 sqm block.
The remarkable home at 5-7 Cranbrook Lane, visited exclusively by the Wentworth Courier yesterday as new marketing photos were being done, now has a guide of $18m.
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The previous owner, Di Ipkendanz, had also done a significant redesign of the home, which has beautiful harbour views, a tennis court and pool, after buying it from property developer Gabriel Lorentz in 2005 for $9.25 million.
It’s understood Mr and Mrs Roberts are also intending to sell the five-bedroom chalet Tussock at Thredbo’s Crackenback Ridge that they bought for $3.5m in 2005 — a record price at the time — from Melbourne architect Andrew Norbury and wife Jane Parker, who was one of the founders of Country Road.
The former Multiplex chief executive, along with the other members of its founding Roberts family, his brother Tim and sister Denby, sold their stake in Multiplex to the Canadian giant Brookfield for $1.2 billion in 2007.
Then two years ago Mr Roberts announced a joint venture with an Italian tier-one firm to establish a new construction company called Roberts Pizzarotti Pty Limited.
Prior to purchasing the Cranbrook Lane home, Mr Roberts sold a Gladswood Gardens six-bedroom, eight-bathroom waterfront with pool, jetty and mooring for $38m, breaking the Double Bay suburb record.
They then negotiated a record $25 million off-the-plan purchase of a penthouse in the Pacific Bondi Beach complex, but pulled out of the deal.
The Roberts clan ended up spending only a very short time in the Cranbrook Lane property, with their business increasingly overseas.
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