The Packer family, known for their wealth and business empires, have been making headlines recently for their real estate purchases and investments.
The latest news involves Gretel Packer, daughter of media mogul Kerry Packer, who recently purchased a sub-penthouse in Sydney’s Potts Point for $9 million through Sydney Sotheby’s International’s Clint Ballard.
The 165sq m two-bedroom, two-bathroom unit adjoins the 350sq m three-bedroom, three-bathroom penthouse that Packer bought at auction for $8.75m in 2017.
According to realestate.com.au, she will be able to merge the two units to create one massive apartment of 865sq m, the way it was originally built in 1938.
The penthouse is located in the Macleay Regis, a building inspired by New York’s Rockefeller Apartments and considered an Art Deco treasure.
This acquisition is a dream come true for Gretel, who had offered $22 million for two neighbouring penthouses in the Potts Point development, Omnia, in 2019 but missed out.
Gretel is not the only member of the Packer family investing in luxury penthouses.
Benjamin Packer Barham, the son of Gretel Packer and Monaco-based financier Nick Barham, recently purchased a record-setting penthouse in Bondi for $8.4 million.
The 370sq m two-level penthouse has three bedrooms, three bathrooms, and a three-car garage with harbour glimpses across Rose Bay to Dover Heights, Ben Buckler, and Bondi Beach.
Meanwhile, Benjamin’s sister, Francesca, has called a sub-penthouse in Horizon, Darlinghurst, home since 2019.
The sub-penthouse cost $16.75 million and features five bedrooms, five bathrooms, and an eight-car garage.
It is located on the 40th floor of the iconic Harry Seidler-designed block that towers above Kings Cross.
Of course, we can’t forget about James Packer’s $72 million ‘sky home’ in the Barangaroo tower that he purchased in 2017.
According to reports, James has never set foot in the luxury two-storey apartment that commands stunning views of the Sydney Opera House and Harbour Bridge.
However, after ordering some renovations to the home, including having a staircase removed to put in an elevator, James is expected to view the home in the prestigious Crown Residences for the first time on his return to Sydney soon.
The apartment is expected to have high-end interior design features, including Scandinavian bleached birch wood, ripple-textured bronze glass, polished blackened stainless steel, leather detailing, and white and silver-veined stone slabs from Greece.