Print baron Michael Hannan sells Potts Point penthouse for $11m

PHOTO: The two-level penthouse atop the Ikon building in Potts Point has sold for $11 million.

Print baron Michael Hannan sold his Potts Point penthouse in the landmark Ikon building on Monday for $11 million.

This is the two-storey spread Hannan bought less than four years ago for $8.32 million from Leonard Harlan, the New York-based co-founder of private equity giant Castle Harlan, and his wife Fleur, former wife of Israeli Prime Minister Benjamin Netanyahu.

At the time Hannan bought the Ikon penthouse, it set a record for the building, but that high was smashed the following year when Peter Freedman, owner of world-leading audio powerhouse RODE Microphones, bought the neighbouring penthouse for $16 million.