Medical entrepreneur makes $60m return in Sydney’s domestic trophy market

The settlement shows that the cashed-in buyer of one of the 11 townhouses 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 development of Pyrmont, has sold for $17.75 million.Credit:Domain

Mr Li, who was listed as a Chinese billionaire by Forbes more than a decade ago, is chairman of China Shineway Pharmaceutical Group and served as a representative to the 10th and 11th Chinese National People’s Congresses.

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, complete with swimming pool private, is available for $22. million by Murray Wood of McGrath Projects.

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

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

Fashion designer Karen Gee also appears to have made it her new home, with records showing her husband, Macquarie Bank chief executive Andrew Gee, bought a $7million residence at the resort last year.

KAK’s $22 Million Buyer

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

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

TV queen Kerri-Anne Kennerley has finally completed her $22million sale of her longtime terrace in Woollahra, revealing the buyer was returning expats Peter and Candice Berger.

The Shepherds have been based in Chicago for the past few years, where Peter was 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 in the Sydney housing market in 2020 when he paid $30million for media scion Alexander Ma’s Vaucluse home.

Meanwhile, the Shepherds had already filed a DA for $5.5million in ‘modifications and additions’ to their new Victorian mansion, after it was sold last year by rugby star turned buyer’s agent Craig Wing .

The purchase by the Shepherds, 36, allowed KAK to downsize its workforce at the Double Bay waterfront, where records show it was the $13.8million buyer of an apartment in the Converted 1850s Gothic mansion 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 was resold for $13.8 million to Kerri-Anne Kennerley.

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

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KAK’s purchase price was well done by David Baldwin, senior managing director of Macquarie Asset Management, and interior designer’s wife Juanita Baldwin, who paid him $4.75 million in 2016 to former Crown Speaker Rob Rankin.

The boss of Ampol cashes

Ampol chairman Steve Gregg has returned his historic ‘Gatehouse’ in Point Piper’s converted Ardenbraught mansion to the market, this time with a $5.5 million guide, through Julian Hasemer of 1st City.

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

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

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

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