Aussie man­sion sold for RM243m

New Straits Times - - World -

SYD­NEY: Tech bil­lion­aire Scott Far­quhar has bought a water­front man­sion here for an Aus­tralian record US$56 mil­lion (RM243 mil­lion), a re­port said yes­ter­day, af­ter the own­ers re­sisted sell­ing the 1863-built home to de­vel­op­ers.

The co-founder of Aus­tralian soft­ware gi­ant At­las­sian snapped up the iconic “Elaine” from John Brehmer Fair­fax, whose fam­ily for­merly owned the Syd­ney Morn­ing Herald.

The es­tate, which stretches down to a har­bour beach in the city’s pres­ti­gious Point Piper, had been in the Fair­fax fam­ily since 1891.

Fair­fax re­port­edly re­sisted larger of­fers from de­vel­op­ers to sub­di­vide the land.

“We’re thrilled with the pur­chase and hon­oured to take over the Elaine es­tate from the Fair­fax fam­ily.

“It would have been a great loss to see this rare prop­erty sold to de­vel­op­ers and carved up,” Far­quhar, 37, told Fair­fax Me­dia. AFP

AFP PIC

A view of ‘Elaine’, a 7-bed­room Vic­to­rian man­sion on the water­front in the sub­urb of Point Piper in Syd­ney.

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