JP Morgan boss Paul Uren sells $16m Point Piper home to Macquarie's David Roseman

February 6, 2021
The Point Piper duplex was an off-market sale on behalf of Hong Kong-based JP Morgan boss Paul Uren for more than $16 million.

There was no rest for Sydney’s high-end housing market over summer, with a slew of big-ticket deals quietly done behind closed doors and led by our local “masters of the universe”.

Take Hong Kong-based JP Morgan boss Paul Uren and his wife Jennifer, who are the lucky recipients of a more-than-$16-million sale of their Point Piper waterfront residence – two years after they listed it with initial $18 million hopes.

Sources say the keys to the Wolseley Road digs are set to be handed to fellow investment banker David Roseman and his interior designer wife Sue, ending Uren’s five years of ownership since he bought it for $15 million from director of Screentime production company Bernard Curran.

The Agency’s Ben Collier declined to comment about talk he negotiated the sale, and settlement will reveal the exact result, but it comes as the Rosemans put their nearby beachfront apartment to buyers.

The four-bedroom spread has scored a lavish renovation by interior designer Sue Roseman.

Roseman, the global executive chairman of the infrastructure and energy group of Macquarie Capital, purchased their current Sydney base on Point Piper’s Seven Shillings Beach in 2006 for $3.9 million, and a no-expense-spared renovation was undertaken about 13 years ago by Sue, herself a former Macquarie executive.

Di Baker, of her eponymous agency, is asking more than $9 million for the luxury spread with uninterrupted Harbour Bridge views, and hopes to crack the $10 million mark.

Still with the “millionaires’ factory”, co-head of Macquarie Capital John Pickhaver and his wife, fellow Macquarie executive Joanne, have bought a South Coast getaway to go with their Mosman home, paying $5.53 million for a 16-hectare estate on Lake Conjola.

Sandy Point is a 16-hectare property at Lake Conjola sold for $5,526,000.

Vaucluse has also scored plenty of off-market deals in recent weeks. Margaret and Richard Prokop, directors of scaffolding group Natform, are rumoured to have pocketed more than $25 million for their long-held home on Hermit Bay set between the trophy homes of property developer Michael Coombes and one of Malaysia’s richest men, Onn Mahmud.

Monika Tu, of BlackDiamondz, is the rumoured agent behind the deal, and title records indicate it was bought by Jing Wang, who in 2018 bought the nearby Alex Tzannes-designed residence of hotelier Marcus Levy and his wife Vanessa Sanchez-Levy for $20.8 million.

Rodney and Lyndi Adler have downsized their Vaucluse home.

Up the hill, Rodney Adler and his wife Lyndi have secured new digs following the sale of their long-held home last year for $15.6 million to high-profile stockbroker Angus Aitken and his wife Sarah (who has already lodged plans for an almost $5 million renovation).

Lyndi paid $9.45 million for the nearby Vaucluse home of Connie and Robert Dodaro, making them near neighbours to Bill Malouf and his son David, both of LJ Hooker Double Bay, the former of whom sold the Adlers’ home to the Aitkens.

In Bellevue Hill, Beth McDermott, wife of UBS managing director Luke Bentvelzen, has bought the home of art consultant Jenny Hillman for $8.7 million through Sotheby’s Michael Pallier.

The couple’s purchase came hot on the heels of the sale of their Paddington terrace for $5.15 million to Kate Dupree, daughter of arts patron Annette Dupree.

And Anna Solomon, daughter of pub baron Bruce Solomon, and her husband Ronnie Kessler have sold their Elizabeth Bay pad for $3.1 million – only to snap up the Bellevue Hill residence of retired coach tycoon Ron Murray for $8.5 million.

It was a bullish purchase by Kessler and Solomon, creative director at the family’s Solotel hospitality empire, and purchased after just three days on the market with Sotheby’s Michael Pallier for well above the $6 million bottom line.

Champion sale on Southern Highlands getaway

Alistair Champion knows all about cashing in on a good deal. The co-founder of Laser Clinics sold the skin care and cosmetic clinic chain in 2017 for $650 million, placing him on the AFR Young Rich List until he turned 40 three years ago. More recently, he scored a $1.7 million capital gain on the sale of his Southern Highlands property, Bellevue.

Champion already owns a decent high-end property portfolio, complete with $18 million Rose Bay beachfront digs, a $7 million Palmy getaway and a $13.5 million landmark terrace in Woollahra, as well as the Berrima hobby farm he bought in 2018 for $4.8 million.

The Berrima getaway Bellevue has sold for $6.5 million, delivering a decent capital gain to Alistair Champion.

But Champion only managed to visit the property a couple of times since he bought it, according to Sandie Dunn, of newly minted agency Dunn Southern Highlands. It sold in less than two weeks for $6.5 million.

It comes as telco chief Peter O’Connell bought a newly built country-style cottage in Bowral for $4.25 million from businessman Michael Rose-Innes, husband of author Jenny Rose-Innes.

O’Connell sold his Vaucluse home for $8.9 million late last year to Young Rich List debutant and author Zoe Foster Blake, who is married to comedian Hamish Blake.

And former Network Ten boss John McAlpine and his wife Judy have paid $4.2 million for the 66-hectare Exeter property of energy finance analyst Bruce Robertson and his wife Fiona.

Balmain’s version of acreage

The 1910-built residence is set on a vast 1100 square metres, making it one of the suburb's largest private holdings.

In Balmain, a federation bungalow that for much of last century was owned by the late federal Labor MP and civil libertarian Kep Enderby and his wife Dorothy, is up for about $7.5 million.

Enderby, who was federal attorney-general during the dismissal of prime minister Gough Whitlam, purchased what remains one of the area’s largest private blocks in 1955 for £4000, but didn’t settle there permanently until 1975, after he lost his seat in the anti-Whitlam landslide election.

Enderby sold the 1100-square-metre property in 2010 for $3.1 million to professional executive director Giselle Collins and her husband, ANZ head of commodity sales Luke Collins, who have renovated and restored it throughout recently.

Given the Collins’ plans to move to tbruce mche eastern suburbs, it is listed with Cobden & Hayson’s Matthew Hayson with a March 9 expression-of-interest deadline.

Trophy traders lists in Bellevue Hill

The 1920s-built residence was renovated with a colour scheme by Briony Fitzgerald.

If prestige property owners needed someone to vouch for the strength of the 2021 market thus far, Seven’s commercial director Bruce McWilliam and his wife Nicky’s plan to cash in on one of their Bellevue Hill residences should do it.

The Point Piper-based trophy-home traders are asking $9 million for the grand 1920s manor-style residence on Victoria Road through McWilliam’s preferred agent Brad Pillinger, of Pillinger.

The six-bedroom property featuring a large bay window and arched windows was purchased in Nicky’s name in 2007 for $4.72 million and renovated about eight years ago, with Briony Fitzgerald overseeing the colour scheme.

The regular property trader made his mark on last year’s title records by buying a rundown three-bedroom house on nearby Beresford Road for $5.4 million, with his son Andrew doing the bidding honours.

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