Tech guru Mike Cannon-Brookes buys $15.2m bachelor pad
Atlassian billionaire Mike Cannon-Brookes is the confirmed $15.2m buyer of the New York warehouse-style penthouse on the top level of Angus House in Darlinghurst.
The 585sq m apartment, which won the 2023 Master Builders Association Best Renovation award, was bought by the Cannon-Brookes family company directed by chief executive Casey Taylor and financial officer Faris Cosic.
It was sold by Dr Jonathan Seeff and his wife, Rachelle, who had paid $5.555m for the four-bedroom apartment that occupies the top floor of the former head office of Moran Health Care.
The building at the corner of Stanley and Palmer streets was initially redeveloped by developer duo Theo Onisforou and James Packer in the late 1990s into 18 apartments.
Cannon-Brookes, who split from wife Annie in mid-2023, enjoys a wealth of $29bn.
It adds to Cannon-Brookes' vast property empire worth in excess of $350m, that includes properties in Pittwater and Newport on Sydney's northern beaches, a number of homes in the southern highlands and Point Piper's Fairwater, the long-time home of media barons the Fairfaxes and at one-time Australia's most expensive house when it traded hands – to Cannon-Brookes – for $100m in 2018.
Several of those properties have been at the heart of break-up proceedings between Cannon-Brookes and his ex-wife Annie, following the couple's separation in mid-2023 after 13 years together.
The tech guru is also the owner of a $120m 'house-like' private jet, despite his climate change leanings.
Meanwhile, a Surry Hills warehouse conversion, formerly the Labor Club premises, has been sold for $12.4m by Dr Andrew Goy. He had been seeking a buyer for the Bourke St property since last August, originally hoping for $14m
Stephen Collins was commissioned to convert the 370sq m space into a four-bedroom, five-bathroom abode after its $2.8m purchase in 2008.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

News.com.au
25-05-2025
- News.com.au
Hot Money Monday: ASX fintechs could ride tailwind as Airwallex soars to $6bn valuation
Airwallex lifts off with $300m raise, hits $6.2 billion valuation Idea generated in Melbourne café turns into $130bn payments powerhouse Here are ASX players in the same space Australia's startup scene wasn't always the fast-moving, unicorn-spawning machine it is today. Not long ago, the idea of launching a billion-dollar tech company from the land Down Under seemed far-fetched. Most investors were cautious, and startups were often little more than side hustles trying to solve local problems. But that's all changed, big time. Thanks to a cocktail of factors including tech-savvy consumers, strong university talent, government support, and sheer grit, Australia has become a fertile breeding ground for tech giants. Today, names like Atlassian, Canva, and SafetyCulture are global brands, and there's a growing herd of Aussie unicorns making their names beyond our shores. Among them, one name stands out in fintech: Airwallex. The Melbourne baby that took on the world Born in a Melbourne café in 2015, Airwallex was the brainchild of a group of mates who were fed up with the clunky and expensive process of moving money across borders. They rolled up their sleeves and built a sleek, B2B cross-border payments platform that would eventually challenge the status quo of global banking. Fast forward to 2025, and that scrappy startup has grown into a fintech juggernaut. Headquartered in Singapore with major offices in San Francisco and London, Airwallex now helps over 150,000 businesses around the globe handle international transactions, issue cards and manage spend. Its clients include big names like Qantas, Shein and Xero; and the company has grown its revenue by more than 90% year-over-year. In 2024 alone, it moved over US$130 billion in payments. Airwallex's latest mega raise Last week, Airwallex raised US$300 million in a fresh Series F round, taking its valuation up to US$6.2 billion, a near 11% bump from 2022. At a time when the fintech sector has been struggling to shake off the chill of rising interest rates and investor fatigue, that's no small feat. In fact, 2025 has been tough going for startups globally. According to PitchBook, more than a quarter of all startup deals this year have been flat or down rounds. So, for Airwallex to pull off an up-round, and one of this scale, shows just how strong the fundamentals are. Big names chipped in, too: Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, and Visa Ventures, along with some of Australia's leading pension funds. The total capital raised by Airwallex now exceeds US$1.2 billion, and the war chest will be used to expand infrastructure into Latin America, Europe and the Middle East. CEO Jack Zhang said: 'The global financial system wasn't built for today's borderless economy... We're building a new foundation for the global economy – fast, seamless and built for scale.' ASX fintech contenders in the B2B space Airwallex's latest funding success also puts a spotlight on ASX-listed fintechs playing in similar cross-border payments and digital finance spaces. While Airwallex has chosen to remain private for now, the ASX isn't short on fintech hopefuls trying to carve their own slice of the pie. Novatti (ASX:NOV) is probably a standout here, offering global digital payment solutions and pushing for a banking license. It's a bit like Airwallex's cousin, handling end-to-end processing for cross-border commerce. Then there's Tyro Payments (ASX:TYR), known for its EFTPOS and small business banking services. While it leans more local than global, it's still a big player in Aussie fintech. Change Financial (ASX:CCA) is quietly building a payments-as-a-service platform, issuing cards and handling transactions for other fintechs. Think of them as the plumbing underneath the financial apps we use. EML Payments (ASX:EML) offers prepaid cards and digital wallet services, making it another infrastructure-style player with international reach. Last but not least, Cuscal (ASX:CCL), while not flashy, is an unsung hero. It provides essential payments infrastructure to banks and credit unions across the country.


7NEWS
09-05-2025
- 7NEWS
Australian fashion brand Colette by Colette Hayman shutting down for good after long financial battle
Australian popular fashion accessory brand Colette by Colette Hayman is shutting its doors for good, after years of financial struggles. From Thursday, the budget retailer's stores across Australia were spotted holding flash clearance sales, with discounts of 60 to 80 per cent on all items. A sign outside the Colette store at Westfield Tea Tree Plaza in South Australia on Thursday read: 'Final day of trade. 60–80% off. Everything must go!' Some staff members, who wish to remain anonymous, confirmed to that the company was closing down. Staff were told on Thursday, with some stores expected to remain open until remaining stock is cleared. One staff member said they were told the company had gone into voluntary administration. The fashion brand has had a turbulent journey, having been rescued from administration for a second time in June last year. It first went into administration in 2020 before . As a result, more than 100 stores across Australia and New Zealand were closed. Brookes later formed the Marquee Retail Group, which also acquired leather accessories label The Daily Edited. However, in April 2024, the group announced it had entered voluntary administration, failing to save both brands from collapse. After a two-month-long administration process, 40 Colette stores were salvaged through a restructure. The company said at the time that more than 400 jobs had been saved. has contacted Colette for comment.


Daily Telegraph
05-05-2025
- Daily Telegraph
Tech guru Mike Cannon-Brookes buys $15.2m bachelor pad
Atlassian billionaire Mike Cannon-Brookes is the confirmed $15.2m buyer of the New York warehouse-style penthouse on the top level of Angus House in Darlinghurst. The 585sq m apartment, which won the 2023 Master Builders Association Best Renovation award, was bought by the Cannon-Brookes family company directed by chief executive Casey Taylor and financial officer Faris Cosic. MORE: Trump's newest project sets wild new record It was sold by Dr Jonathan Seeff and his wife, Rachelle, who had paid $5.555m for the four-bedroom apartment that occupies the top floor of the former head office of Moran Health Care. The building at the corner of Stanley and Palmer streets was initially redeveloped by developer duo Theo Onisforou and James Packer in the late 1990s into 18 apartments. Cannon-Brookes, who split from wife Annie in mid-2023, enjoys a wealth of $29bn. MORE: Trick rich are using to get $200m+ mansions It adds to Cannon-Brookes' vast property empire worth in excess of $350m, that includes properties in Pittwater and Newport on Sydney's northern beaches, a number of homes in the southern highlands and Point Piper's Fairwater, the long-time home of media barons the Fairfaxes and at one-time Australia's most expensive house when it traded hands – to Cannon-Brookes – for $100m in 2018. Several of those properties have been at the heart of break-up proceedings between Cannon-Brookes and his ex-wife Annie, following the couple's separation in mid-2023 after 13 years together. The tech guru is also the owner of a $120m 'house-like' private jet, despite his climate change leanings. MORE: Chilling reason home builds abandoned Meanwhile, a Surry Hills warehouse conversion, formerly the Labor Club premises, has been sold for $12.4m by Dr Andrew Goy. He had been seeking a buyer for the Bourke St property since last August, originally hoping for $14m Stephen Collins was commissioned to convert the 370sq m space into a four-bedroom, five-bathroom abode after its $2.8m purchase in 2008. + Additional reporting James MacSmith