Australia

Castlecrag’s Salteri family show their neighbourly side as $11.6 million buyers


When Sydney’s wealthy record and their heirs usually are not busy on large-scale residence rebuilds, it appears many are shopping for their neighbours’ homes within the pursuit of ever extra space.

Take Adriana Gardos, the daughter of the late Transfield/Tenix boss Carlo Salteri, who along with her husband Robert has purchased a Castlecrag home with tennis courtroom and a pool on a double block of waterfront reserve for $11.6 million.

The seven-bedroom, five-bathroom home with tennis courtroom and pool was purchased for $11.6 million.

The couple is presently constructing a two-storey residence with a pool on the double block subsequent door, and by which they little doubt plan to stay with out the concern of dwelling subsequent door to another person’s residence rebuild job.

Amassing the parcel of what now totals 2900 sq. metres didn’t come low-cost. Atlas’ Michael Coombs began with a information of $9 million to $9.9 million, however with 14 contracts out the Gardos household have been pressured to dig deep to safe it the day earlier than public sale.

The Salteri household co-founded Transfield in 1956 with the Belgiorno-Nettis household, earlier than the corporate was cut up and the Salteris took the defence contracting operations into Tenix. Tenix Defence was bought to BAE Systems in 2008 for $775 million, and the remainder of the corporate’s belongings bought to Downer EDI in 2014 for $300 million.

The Salteri household already lay declare to the Castlecrag suburb excessive, set in 2015 when brother Paul Salteri, the previous chairman of Tenix, bought the close by Penhallow property for $12.8 million.

The Salteri family from left: Robert Salteri, Adriana Gardos, Carlo Salteri, Mary Shaw and Paul Salteri.

The Salteri household from left: Robert Salteri, Adriana Gardos, Carlo Salteri, Mary Shaw and Paul Salteri.Credit:

Sister Mary Shaw continues to be within the neighbourhood, having purchased two waterfront homes within the mid-Eighties, pulling down one to make method for a tennis courtroom, and snapping up a 3rd home subsequent door in 2003 for $4.3 million.

Shaw and her husband Alexander purchased once more regionally from neurologist and Rhodes scholar Professor John Watson, paying $4.075 million.



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