logo
James Packer adviser tipped to be $80m penthouse buyer

James Packer adviser tipped to be $80m penthouse buyer

News.com.au4 hours ago

James Packer adviser Lawrence Myers is tipped to be the mystery circa $80m buyer of Crown's penthouse at Barangaroo.
Myers, who is the chief executive of Packer's family office Consolidated Press Holdings, and his wife, Sylvia, currently have their Rose Bay mansion listed with hopes above $90m.
The Agency's Steven Chen, who sold the penthouse and is the co-agent for the luxury Bayview Hill mansion, has been contacted for comment.
And according to multiple sources, Myers, who took up the Consolidated Press role two years ago, has negotiated a deal to eventually move into the luxury penthouse, which will sit 32 floors above Packer's luxury two-level apartment.
The sources differ on the price Myers is paying, with the amounts ranging between $70m and just under $80m.
The Wentworth Courier last week broke the news that the buyer of the 849sqm six-beroom penthouse, on levels 81 and 82 of the Barangaroo tower was rumoured to be from Sydney's east.
Designed by Meyer Davis, the penthouse includes a small pool with balcony. All up there are four balconies, with views to Darling Harbour, North Sydney, the heart of the CBD and the iconic harbour.
Other features include a gym, wine cellar for 300 bottles, a butler's pantry, two guest bedrooms, a separate entrance for nannies and chefs and a wet bar.
The panoramic views, taking in the Harbour Bridge and Opera House, can never be built out.
Although one of Sydney's best apartments, it's understood James Packer's double storey apartment on levels 48 and 49 of Crown — which cost $72m — is even more impressive.
'Packer's is just spectacular, with more than 1000 sqm of space and two designers have worked on the interiors,' one source said.
The Myers family's Rose Bay home, listed with both Chen and Pillinger chief Brad Pillinger, is also spectacular.
On a 1039sqm block, the grand property, designed by David Walker and Peter Janks, has incredible views of the Harbour Bridge from nearly every room — even the bathtub and gym.
There's also an incredible wet-edge pool with spa and cabana.
The 1,100 sqm of internal space flowing to the outdoors can host parties of more than 200 guests and an executive office on the entry level is big enough for boardroom-scale meetings.
There's a 10-seat cinema, games room on the lower ground level.
And there are four bedroom suites, with three of them opening to balconies facing the harbour.
The house, in the name of Sylvia Myers, was bought from billionaire businessman Brett Blundy in 2018, title records show. No price is indicated, though reports at the time put it in the $43m-$45m range.
It adjoins a harbourside pathway to Queens Beach and there's an eight car garage with a turning circle.
The current Rose Bay record is $55m for a Bruce Stafford-designed six-bedroom residence at 12 Dumaresq Rd, which sold in February.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Virgin Australia opens new flights to Qatar from Brisbane
Virgin Australia opens new flights to Qatar from Brisbane

News.com.au

time32 minutes ago

  • News.com.au

Virgin Australia opens new flights to Qatar from Brisbane

Aussies will be given the opportunity to fly directly from Brisbane to the sandy plains of the Persian Gulf thanks to a new travel route opened up by Virgin Australia. Starting from Thursday, Virgin is launching flights from Brisbane to Doha's Hamad International Airport in conjunction with Qatar airways. Virgin Australia chief executive Dave Emerson said the new flights 'mark the beginning of a new era' for the company and for international travel to Australia. 'Through our partnership with Qatar Airways, we're not just launching new routes – we're opening the world to millions of Australians, delivering more choice, better value and a seamless global experience,' he said. 'This partnership strengthens Australia's global connectivity while generating jobs, boosting tourism and injecting billions into the national economy.' Hamad International Airport supports 48 airlines, and ushers millions of passengers through its terminals every month. Queensland Tourism Minister Andrew Powell said the new flights to Hamad would position the Sunshine State as a new gateway between Australia and the rest of the world. 'These new flights mean more tourists enjoying everything Queensland has to offer, giving visitors from all over the world affordable ways to reach our communities, boosting business for Queensland tourism operators,' he said. About 2.65 million passengers are expected to be arriving in Doha from Australia annually by this December, which Virgin says will increase 'competitiveness in the market and (provide) ample choice for Aussie travellers wanting to visit Europe, Africa and the Middle East'. Brisbane Airport chief executive Gert-Jan de Graaff welcomed the new flights. 'This marks the most significant increase in capacity between Queensland and Europe in the past two years, and we're confident these new daily flights will boost tourism, strengthen international ties and support Queensland's exporters,' he said. 'It's fantastic news for the Brisbane-headquartered airline and even better news for travellers and Queensland's tourism-driven industry.' Fares are available now for purchase, with some discounts ranging up to 15 per cent for select travel dates between October 16 and March 31 next year.

Western United's future seemingly secure despite player wages again being late
Western United's future seemingly secure despite player wages again being late

News.com.au

time37 minutes ago

  • News.com.au

Western United's future seemingly secure despite player wages again being late

Western United's A-League future is expected to be secured within two weeks despite the club being again late with the payment of player wages. The financially embattled United announced on May 2 that KAM Melbourne, a subsidiary of American company KAM Sports, had bought a 'controlling stake' – understood to be worth $100 million – in the club and its parent company, Western Melbourne Group. However, the transaction had to be approved by Wyndham City Council, the APL and Football Australia. And with the KAM Melbourne only having met this week with APL boss Stephen Conroy, the deal is yet to have been given the green light. However, United officials are confident that the new ownership will be approved by early next month, And despite not yet being ratified as the club's new majority owners, KAM Melbourne was set to inject funds into United to ensure overdue wages were paid by Friday. It's the second time in two months that United has been late with the payment of wages, and it's a situation that has angered Professional Footballers Australia chief executive officer Beau Busch. Representing the west ðŸ'š Rhys Bozinovski and Matt Grimaldi starred in the U23s first friendly against the Korea Republic! Whilst Abel Walatee and Kane Vidmar got minutes during the second matchup between the two sides ðŸ'� Academy director Anthony Frost assisted in the dugout 🌟 — Western United FC (@wufcofficial) June 11, 2025 'The professionalism of the Western United players and staff in the most trying conditions is a testament to their character and commitment to Australian football,' Busch said. 'They are the victims of a governance model that is not fit for purpose and where FA and the APL appear unwilling to enforce their own regulations. 'Regrettably this has once again meant that the players are left to fight for their most basic entitlement as employees. 'We will continue to ensure the players have access to the full resources of the PFA.' Meanwhile, Melbourne Victory have signed former Adelaide United midfielder Louis D'Ariggo on a two-year deal. D'Arrigo, 23, has joined the Victory from Polish club Lechia Gdansk. 'Joining Melbourne Victory is an exciting step in my career,' D'Arrigo said. 'This is a club with an incredible culture, passionate fans, and a real hunger for success. 'To be part of that environment and have the chance to contribute is something I'm grateful for.' Elsewhere, the Roar have confirmed the signing of former Wellington Phoenix, Newcastle Jets and Central Coast Mariners left-back James McGarry on a three-year deal. News Corp Australia reported last week that McGarry was poised to join Brisbane from Scottish club Aberdeen, who last season loaned the New Zealand international to Greek outfit Athens Kallithea.

Resources Top 5: QMines grows precious metals position in central Queensland
Resources Top 5: QMines grows precious metals position in central Queensland

News.com.au

timean hour ago

  • News.com.au

Resources Top 5: QMines grows precious metals position in central Queensland

QMines is acquiring the high-grade Mount Mackenzie gold and silver project Peak Minerals has discovered high-value monazite at the Minta rutile project in Cameroon A fully underwritten, non-renounceable entitlement offer will see Zenith Minerals raise up to $3.5m Your standout small cap resources stocks for Thursday, June 19, 2025 QMines (ASX:QML) Set to expand its precious metals position in central Queensland through the pending acquisition of the high-grade Mount Mackenzie gold and silver project is QMines, which advanced 7.7% to 4.2c. The company believes this will complement its gold, copper and zinc interests at the Mt Chalmers and Develin Creek projects in the historical mining region that is relatively unexplored. It has completed due diligence and is in the final stages of acquiring Mt Mackenzie from Resources and Energy Group (ASX:REZ), which jumped 37.5% to a daily top of 2.2c. The $2.48 million acquisition is expected to increase QMines' (ASX:QML) gold and silver exposure, supporting its strategy to develop a diversified minerals portfolio in central Queensland. Mt Mackenzie is an advanced staged project, about 140km northwest of Rockhampton and 45km from QML's Develin Creek copper-zinc landholding. The existing shallow resource comprises 129,000 ounces of gold and 862,000 ounces of silver and is open in all directions. QML is updating the mineral resource estimate, with results anticipated soon. On completion of the sale REZ will receive $1m in cash, inclusive of a $100,000 deposit, and 33m QML shares, voluntarily escrowed for 12 months. In support of the acquisition and near-term development plans, QMines has entered into a convertible note arrangement with a major existing shareholder to provide $1m with an additional $500,000 available upon request. QML executive chairman Andrew Sparke said the company was delighted to confirm its intention to complete the Mt Mackenzie gold-silver project acquisition. 'The project is a highly strategic and value-accretive addition to our asset base, increasing gold and silver exposure and providing operational synergies with our Mt Chalmers and Develin Creek projects,' he said. 'The strong financial support from one of our largest shareholders, via the secured convertible note on favourable terms, demonstrates confidence in our strategy and capacity to execute.' QML is in the final phase of planning a drilling program at Mt Mackenzie, focusing on confirming historical high-grade gold and silver results such as 36m at 4.4g/t Au and 25g/t Ag, 26m at 12.78g/t Au and 34g/t Ag and 12m at 14.93g/t Au and 61g/t Ag. Peak Minerals (ASX:PUA) The discovery of high-value monazite by Peak Minerals at the Minta Est prospect stands to boost the economics of the heavy minerals package at the Minta rutile project in Cameroon. Monazite trades at about three times the value of rutile and zircon, presenting PUA with significant economic upside at Minta. This has seen Peak put in a strong performance on the ASX, rising as much as 21.05% to a daily high of 2.3c, a new four-year high, with more than 84m shares changing hands. PUA closed at 2.2c, a rise of 15.79% on the pre-trading halt close. Sampling at Minta Est has returned Heavy Mineral (HM) results along with mineral assemblages and rare earth element distribution results. Assays were received from an additional 36 residual and 11 alluvial holes at Minta Est over an initial 121km2 and further assays are pending. The average depth of all holes reported on Minta Est to date is 4m, with all holes intersecting mineralisation from surface. In-situ grades of 0.5%-1.2% TREO were achieved from free-dig material in monazite separated by conventional mineral sands processing methods. Recent and historical samples show assemblages of up to 73% monazite, up to 35% rutile and up to 28% zircon at Minta Est. There were encouraging returns of high-value magnet rare earths in excess of 25% MREO, including up to 22.5% NdPr light rare earths and up to 2.7% DyTb heavy rare earths. The ongoing reconnaissance drill program at Minta aims to systematically test an initial 3,500km2 over broad drill spacings to identify higher-grade areas for follow-up infill drilling. The project has not previously been subject to modern exploration techniques and the company is utilising cost-effective, hand auger drilling to target the mineralisation from surface. Hand auger drilling is widely utilised for drilling heavy mineral sand deposits and is particularly effective in the residual soils at Minta due to the stability of the drilled formations. 'It is very exciting to release these new drilling assay results representing an entirely new high- grade discovery at Minta Est, located across 121km2 in the northeast portion of Minta rutile project,' Peak Minerals chief executive officer Casper Adson said. 'Monazite makes up to 73% of the heavy mineral assemblage at Minta Est, positioning the project as a potential high-value, world-class asset. 'Importantly, the separated monazite contains up to 22.5% NdPr and 2.7% DyTb - key magnet rare earths critical to the global energy transition. 'Mineral sands deposits typically contain up to 0.1% in-situ total rare earth oxides (TREO). 'The potential discovery of a mineralised zone with significantly higher rare earth content, hosted in free-dig sands that require no drill-and-blast or crushing and milling, is truly exceptional. 'Even more remarkable is that the monazite has been successfully recovered using only standard mineral sands beneficiation techniques, such as gravity and magnetic separation.' Zenith Minerals (ASX:ZNC) With a fully underwritten, non-renounceable entitlement offer to raise up to $3.5m underway to accelerate exploration and resource growth at its gold projects, Zenith Minerals reached a high of 4c, a lift of 33.34% on the previous close before closing at 3.6c. Funds will support a 9000m-12,000m drilling campaign at the newly consolidated Dulcie gold project in Western Australia as well as deep diamond drilling at the Red Mountain gold project in Queensland. At Dulcie, drilling will be focused on growing the 210,000oz mineral resource estimate, strengthening the path towards commercial production. The funds will be raised through a two for seven offer at 3c per share with a one-for-three free-attaching option. Showing their confidence in the company and its gold strategy, the raise will be strongly supported by Zenith's board and management. The company's managing director Andrew Smith will sub-underwrite $150,000 and non-executive director Euan Jenkins $100,000 while other directors will apply for their respective entitlements. Noble Helium (ASX:NHE) (Up on no news) Noble Helium (ASX:NHE), which is answering the growing need for a primary and geo-politically independent source of helium with its projects along Tanzania's East African Rift System, has been a big mover, up 58.33% to 1.9c although there's no fresh news. Four projects are being advanced according to the highest ESG benchmarks to serve increasing supply chain fragility and supply-demand imbalance for this scarce, tech-critical and high-value industrial gas. Priced at up to 50 times the price of LNG in liquid form, helium is essential to many modern applications as an irreplaceable element in vital hi-tech products such as computer and smartphone components, MRI systems, medical treatments, superconducting magnets, fibre optic cables, microscopes, particle accelerators and space rocket launches. Rising demand and constrained supply are fuelling growth prospects within the global marketplace, particularly for cleaner 'green helium' sourced from non-carbon environments. At present, more than 95% of the world's helium is produced as a by-product of the processing of hydrocarbon-bearing gas. Javelin Minerals (ASX:JAV) On a fast-track to mining at the 112,000oz Eureka gold project near Kalgoorlie in WA is Javelin Minerals, which reached 0.3c today, before easing right back to 0.2c. The company is taking steps to mine the ~34,000 recoverable ounces within the 62,000oz indicated resource and is in advanced discussions with mining and processing contractors. With the gold price sitting above A$5200/oz, JAV is closing in on the goal of unlocking the substantial value of the resource in a cost-effective and timely manner. Javelin Minerals is considering several options for milling nearby, including the Paddington gold operations owned by Zinjin Mining Group Co which is just 20km away. Engineering studies and the approval process for the restart of mining are well advanced, with the board aiming to be mining within 12 months. The mining strategy is being advanced in parallel with exploration at Eureka and a new drilling program is planned to follow up strong results next to and below the Eureka pit. These areas are considered to be priority exploration targets with excellent potential to grow the resource, both at Eureka and their Coogee gold project nearby. 'Our plan to generate early production and cashflow at Eureka is now the primary focus of the board for the Eureka gold project, which has been endorsed by strong interest from third parties to partner with us for the project's development in the short term,' JAV executive chairman Brett Mitchell said. 'Based on the discussions to date, we are confident that this strategy will prove extremely effective in creating rapid value in the current record high A$ gold price environment, whilst we continue the exploration program to grow the overall inventory at both our Eureka and Coogee gold projects.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store