{"id":42647,"date":"2023-03-23T13:16:08","date_gmt":"2023-03-23T00:16:08","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=42647"},"modified":"2023-03-23T13:16:08","modified_gmt":"2023-03-23T00:16:08","slug":"billionaire-gretel-packer-is-set-to-create-a-mega-penthouse","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/billionaire-gretel-packer-is-set-to-create-a-mega-penthouse\/","title":{"rendered":"Billionaire Gretel Packer is set to create a mega penthouse"},"content":{"rendered":"

PHOTO: Gretel Packer<\/strong><\/p>\n

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Billionaire Gretel Packer<\/a> is set to create a mega penthouse in the Art Deco treasure the Macleay Regis, following her $9m purchase of the sub-penthouse.<\/p>\n

\"Gretel<\/a><\/div>\n
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Gretel Packer\u2019s $22m penthouse bid<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n

The 165sqm two-bedroom, two-bathroom\u00a0Potts Point unit\u00a0<\/a>she bought on Wednesday through Sydney Sotheby\u2019s International\u2019s Clint Ballard adjoins the 350sqm three-bedroom, three-bathroom penthouse that Packer bought at auction for $8.75m in 2017.<\/p>\n

\"Potts<\/a><\/div>\n
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Potts Point backpackers sells for huge figure<\/a><\/h2>\n<\/header>\n<\/div>\n

The opportunity is a dream come true for Packer, having offered $22m to buy two neighbouring penthouses in the Potts Point<\/a> development, Omnia, in 2019 \u2014 but missing out.<\/p>\n

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\"Gretel<\/div>\n

Gretel Packer would have a \u201cpriceless\u201d penthouse should she merge the two apartments, as expected. Picture: Robert Edwards<\/strong><\/em><\/div>\n

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\"The<\/div>\n

The two-bedroom, two-bathroom apartment was originally part of the grand whole-floor penthouse originally owned by Woolworths co-founder Percy Christmas.<\/strong><\/em><\/div>\n

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And well-placed sources say she should have little difficulty merging the two units to create one huge apartment of 865sqm in the building inspired by New York\u2019s Rockefeller Apartments, as that\u2019s the way it was when it was originally built in 1938.<\/p>\n

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\"Every<\/div>\n

Every room has a cracking view.<\/strong><\/em><\/div>\n

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One of the Woolworths founders, Percy Christmas, was the first owner of the penthouse and it\u2019s understood that following his death in 1947, the sub-penthouse was created to accommodate family members.<\/p>\n

\"Aussie\"<\/a><\/div>\n
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\u2018Aussie\u2019 John Symond\u2019s wife Amber buys Simpson at Potts Point for $12.5m<\/a><\/h2>\n<\/header>\n<\/div>\n

\u201cNow, hopefully, the two apartments can be re-joined to create one large apartment, as it was originally,\u201d the source advised.<\/p>\n

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\"It\u2019s<\/div>\n

It\u2019s full of character too.<\/strong><\/em><\/div>\n

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And there\u2019s a precedent for apartments being merged at the back of the building in the past.<\/p>\n

The theory is that Packer, the daughter of the late media tycoon Kerry Packer<\/a>, plans to ultimately move into the merged penthouse, currently simply an investment property.<\/p>\n

At present, Packer lives in the Bellevue Hill<\/a> Edwardian residence Winson, a neighbour to the\u00a0famous Rona estate, that she bought for $11.25m in 2000. And she also owns a whole-floor space in Hudson House in the city that she bought for $8,371,000 in 2016.<\/p>\n

\"Jesinta<\/a><\/div>\n
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Miss Universe Australia enjoys model investment return<\/a><\/h2>\n<\/header>\n<\/div>\n

Her daughter, Francesca Packer-Barham, bought the level 40 penthouse in Darlinghurst\u2019s Horizon in 2019.<\/p>\n

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\"One<\/div>\n

One of the bedrooms in the sub-penthouse.<\/strong><\/em><\/div>\n

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\"What<\/div>\n

What a view! And that\u2019s just from the sub-penthouse<\/strong><\/em><\/div>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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