Property Experts Snap up Apartments in Melbourne’s Eastbourne

Many of Melbourne’s property industry heavyweights have snapped up apartments in the new luxurious East Melbourne ‘tower of power’, The Eastbourne.

Apartments in the parkside block were sold off the plan from 2016 onwards and have been settling recently.

Buyers include former prime minister Mr. Paul Keating, political commentator Mrs. Peta Credlin and high-profile lawyer Mrs. Liberty Sanger, Principal & Director Maurice Blackburn lawyers.

Settlements come amid concerns over the health of new apartment buildings, with defect issues making media headlines.

But the industry heavyweights’ have shown a vote of confidence in the development, which will boast hotel-style amenities such as a 24-hour concierge, pool, gym, spa, yoga-pilates room, private lounge, wine cellar, dining room, theatre room and a business centre.

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Even buyers from other industries dropped sizeable payments on apartments at The Eastbourne.

An $8,951,400 residence sold to the Mr. Nigel Garrard, former chief executive of packaging giant Orora.

David Schultz bought a $10,758,325 home. Mr Schultz is a director of a private investment firm Schultz Capital and formerly ran ‘The Ridge Health Club’ in Eltham.

“What I love most about living in Eastbourne is the lifestyle, waking up to views of Fitzroy Gardens and the CBD feels like waking up in NYC and being on a constant overseas holiday,” Mr Schultz said in a statement.

Former Bensons Property Group national director of developments Brett Howlett, previously Mirvac development director, also purchased an apartment for $1,052,350.

Among the well-known property buyers, Grocon’s head of residential Christian Grahame, previously Mirvac’s national general manager of apartments, paid $1,052,350 for an Eastbourne apartment.

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Mirvac’s head of residential Mr. Stuart Penklis spent $746,700. General manager of residential for Victoria Elysa Anderson paid $699,250. National construction director Jason Vieusseux, through a private company directed with Melissa Vieusseux, paid $757,750.

Mirvac’s former head of culture and reputation Marie Festa, now at communications firm Cato & Clegg, is listed as the buyer of a $4,140,244 apartment and another, $726,100 apartment.

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The architects behind the project also showed a strong interest in owning the in-demand residences.

Bates Smart director Julian Anderson bought a $990,000 apartment. His fellow director Jeff Copolov spent $979,600 through a private company, while former chairman Roger Poole used his private vehicle to buy a $1,071,150 unit.

ME Bank director Christine Christian spent $2,985,100 through a private company.

The proud new owner of the $15 million+ penthouse is yet to be revealed.

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