Freight boss Terry Tzaneros buys $40m Point Piper trophy home

Freight and transport boss Terry Tzaneros and his wife Anne have emerged as buyers as one of this year’s most expensive houses, paying close to $40 million for the Point Piper waterfront trophy home of London-based expat lawyer Sarah Cooke.

The purchase ends years of house hunting by Tzaneros since the couple sold their former trophy home in Darling Point in late 2017 for $31.8 million to Winky Chow, the daughter of billionaire Chau Chak Wing, head of Guangzhou-based property developer Kingold Group.

The purchase price remains undisclosed by Raine & Horne Double Bay’s Alex Lyons, leaving the buyer’s identity and an estimated sale price of close to $40 million to independent sources.

Cooke, the wife of Monaco-based hedge fund trader Dominic Redfern, listed the property 18 months ago with $60 million hopes, but the guide was revised to $40 million to $44 million more recently.

The three-level residence was designed by architects James Stockwell and Jonathan Temple following Cooke’s purchase of the 960-square-metre property in 2006 for $7.95 million. It was further developed by architects Huw Turner and Penny Collins.

It is one of only three residences on Point Piper’s prized Wingadal Place, next door to the more than $100 million mansion of Aussie Home Loans founder John Symond and stock trader “Andy” Wenlei Song, who bought his house five years ago for $60.66 million from luxury car importer Neville Crichton.

Tzaneros, who co-founded port logistics giant ACFS Port Logistics with his son Arthur in 2005, is widely rumoured to have shown interest in the nearby Point Piper home of Sydney Football Club chairman Scott Barlow before that sold to another party last month for about $40 million.

Before Tzaneros moved to Darling Point in 2018, the family’s former home was in Vaucluse, but it was sold in 2010 for $23.5 million to Eliza Fok Ho Yi-wah, wife of Hong Kong tycoon Canning Fok Kin-ning.

Arthur Tzaneros is also expected to upgrade his Sydney real estate following the $11 million sale of his Bellevue Hill home last July and the $5.9 million sale of his Bondi Beach apartment three years ago.