The Rich Lister, who sparked controversy and debate at the AFR Property Summit this month, has bought the huge Melbourne site for $80m.
Tim Gurner will transform 424 St Kilda Road into $800m worth of luxury apartments.
His vision for the site, which has three frontages on the corner of St Kilda Road, Toorak Road and Queens Lane and views over the Royal Botanic Gardens and Albert Park, are for a luxury apartment project similar to what he delivered at Saint Moritz, a Mars Development sold the site to Mr Gurner in a deal brokered by JLL’s Josh Rutman and MingXuan Li, alongside CBRE’s Kiran Pillai and Tom Ryan. The vendors were advised by Lewis Tong of Advise Transact.
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