Trophy home owner Lola Li Wang quietly sells $30 million Vaucluse home

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Meanwhile, Chinese media report a mansion valued at $132 million on Hong Kong’s exclusive Peak owned by a company controlled by Xu was seized by creditors earlier this month after it was mortgaged when the billionaire dipped into his private fortune to pay down debt.

McDonald’s chief sells

Bellevue is a consolidation of three titles on a 435 square metre block.

Bellevue is a consolidation of three titles on a 435 square metre block.Credit:Domain

The landmark Glebe property Bellevue has been sold off market for $6.55 million by Maccas’ former chief Andrew Gregory, given his move to the US and a global role as head of franchising at the restaurant chain.

The property is a 1980s consolidation of three titles of what was originally a broom factory, a billiard hall and a Victorian terrace to create a five-bedroom house with a pool on a 435-square-metre parcel.

Gregory, who until earlier this year was McDonald’s Australia chief executive, and his wife Ann purchased it in 2016 for $3.985 million from filmmakers Deborah Barlow and Martin McKenna.

Former McDonald’s Australia CEO Andrew Gregory sold his Glebe property Bellevue off market for $6.55 million.

Former McDonald’s Australia CEO Andrew Gregory sold his Glebe property Bellevue off market for $6.55 million.Credit:Dominic Lorrimer

BresicWhitney’s Shannan Whitney had a $5.5 million guide and clearly solid interest given it sold before it could hit the market.

Gregory’s departure from local title records coincides with the arrival of newly appointed McDonald’s chief Antoni Martinez, who has returned from Seoul where he was managing director of McDonald’s Korea.

Martinez has bought into the northern beaches, paying $4.25 million in July for a four-bedroom, renovated Californian bungalow in Balgowlah.

Raeburn scores new owners

The Breadalbane property Raeburn dates back to the 1850s when it was built by the family of Caroline Chisholm.

The Breadalbane property Raeburn dates back to the 1850s when it was built by the family of Caroline Chisholm.Credit:Domain

One of the original Canberra Raiders rugby league players Rowan Brennan and Karen Alexander have purchased the historic Raeburn property at Breadalbane for $8 million.

Rowan Brennan is the former owner of Canberra’s Pialligo Estate.

Rowan Brennan is the former owner of Canberra’s Pialligo Estate.Credit:Dion Georgopoulos

Brennan, the former owner of Canberra’s Pialligo Estate, bought the 1870s homestead on 154 hectares from Carolyn Anderson, former wife of retired McKinsey partner Charlie Taylor, who is in turn the brother of Liberal MP Angus Taylor.

Raeburn dates back to the 1850s when it was built by the family of Catholic pioneer Caroline Chisholm and modelled on Old Government House. It last traded in 2007 for $1.8 million when sold by former waterfront reformer Chris Corrigan and his wife Valerie, and has been extensively restored and renovated since by Anderson and heritage architect Howard Tanner.

Vaucluse’s hive of activity

The Vaucluse home of the late Palsonic founder Bahari Gupta has sold after 60 years in family ownership after it was offered for $18 million to $20 million.

Highland Property’s Bill Malouf declined to reveal the result, but the purchase has been pinned on “Michael” Yubin Chen, director of Jinlin Investments.

The Vaucluse family home of former SBS chairman Nihal Gupta was offered to buyers for $18 million to $20 million before it sold.

The Vaucluse family home of former SBS chairman Nihal Gupta was offered to buyers for $18 million to $20 million before it sold.Credit:Luis Ascui

Gupta, the father of former SBS chairman Nihal Gupta, and his late wife Virbala Gupta bought the house in 1962, and following his death earlier this year it was transferred to lawyer and the estate executor John Cox.

The Wentworth Road corner of Vaucluse is a hive of activity of late given a slew of sales, and the home of arts patron Ashley Dawson-Damer recently listed for sale by Malouf for about $30 million.

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