Former Sydney lord mayor Nelson Meers buys in One Barangaroo tower

STOCK CROWN SYDNEY

Crown Sydney is an exclusive location. Picture: NCA NewsWire / Nikki Short

Former Sydney lord mayor Nelson Meers and his wife, Carole, have emerged as the latest buyers in One Barangaroo.

The couple paid $17.5 million for their 235sqm apartment on the 71st floor.

They sold their Buckhurst Ave, Point Piper apartment for $18 ­million last year through LJ Hooker Double Bay’s Bill Malouf and Margaret Morosi to the Zammit family. The Meers had paid $16 million in 2017.

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Meers, who has hotels at Belmore, Rockdale, Campsie and Hurstville, was the lord mayor ­between 1978 and 1980.

The Meers’ acquisition ranks among the highest profile buyers along with the former Rothschild & Co investment bank chairman Trevor Rowe who paid $13.5 million for a three-bedroom apartment on level 43 of the 77-level tower.

Luke Hepworth, whose family company supplies personal protective wear and hand sanitisers, paid $9.4 million. The retired bookie Bob Blann paid $41 million when relocating from his Rose Bay apartment.

STOCK CROWN SYDNEY

A prominent place in the Sydney skyline. Picture: NCA NewsWire / Nikki Short

Zac Altman paid $12.5 million for his 212 sqm apartment on the 62nd floor, while another young entrepreneur, Andrew Raso, spent $11.1 million for his 57th floor apartment.

Bringelly-based Western Sydney businessman Arnold Vitocco and his wife, Irene spent $22 million on their 63rd floor off the plan. And the Upton family from Wahroonga paid $12.5 million.

14-6-05 nelson meers received a AO for queens birthday Picture: DANIEL GRIFFITHS

Nelson Meers. Picture: Daniel Griffiths.





South-East Asian-based French retail heir ­Georges Furone-Defforey paid $12.74 million.

Some $870 million worth of apartments had sold when Crown Resort figures were released in February, with some 10 of the 18 buyers so far being of Asian descent.

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