The deal maker-of-the-moment has been building his own residential complex in the heart of one of Sydney’s most powerful suburbs.
– reverse merging his cousin’s Chemist Warehouse onto the ASX – the HMC Capital deal maker scored further approvals for his new mansion compound under construction in one of Sydney’s most exclusive suburbs.
Di Pilla’s been a Bellevue Hill resident for a decade. But in 2021, he swooped on the house next door, paying $9 million. He then got straight into submitting development applications with Woollahra Council to combine the properties into a 1600 square metre complex.Those designs – first approved in 2022 – show Di Pilla’s reno involves razing the acquired property to make room for a tennis court.
Shortly before Christmas – one week after announcing the Chemist Warehouse deal, in fact – Woollahra Council gave the modifications the go ahead. Di Pilla’s team estimated to the council that the cost of the original reno would be $3.5 million. As is invariably the case with estimates of mega-renos submitted to council, the real cost will likely be more than triple that.