Caltex chairman Steve Gregg trades in Point Piper for Double Bay

Caltex chairman Steve Gregg has listed his Point Piper townhouse just months after he bought a $9 million apartment on the nearby Double Bay waterfront.

The investment banking veteran, who sits on the boards of Challenger and Tabcorp, has owned the historic “gatehouse” in Point Piper’s historic Ardenbraught converted mansion since 2013, paying $2,637,500 to Gayle Rivkin, widow of the late stockbroker Rene Rivkin.

At the time the sale price was not a windfall for Rivkin, who had paid only $12,500 less in 2004 following her sale of the nearby Point Piper mansion Craig-y-Mor for $16 million and Rene’s conviction at the time on insider trading charges.

Gregg’s free-standing property is one of seven in the 1903-era estate built for barrister Cecil Stephen, KC, and converted in 2002 by property developer Roger Brock’s Northbourne Estate.

Sally Hampshire, of Laing+Simmons Double Bay, and David Newgrosh, of his eponymous agency, are asking for expressions of interest between $4.25 million and $4.7 million for the four-bedroom, two-bathroom residence.

Records show Gregg paid $9 million last November for a two-storey apartment on the Double Bay waterfront from philanthropic Kiwi businessman Sir Owen Glenn.

Glenn, best known as a former long-time co-owner of New Zealand Warriors NRL team, had matched his $9 million purchase price of eight years earlier when it was sold by South African entrepreneur and one-time Glencore executive Kirk Lazarus, who commissioned the Nick Tobias interiors.

It is one of three in the European-inspired block developed by businessman Ian Joye’s Coronet Investments.

Gregg’s reshuffle of his property portfolio comes less than two years after he was appointed to chair the fuel giant.

It remains unknown if Gregg plans to move to the Double Bay waterfront, or remain at his Cremorne Point waterfront reserve home, which he bought in 2005 for $5.75 million.