E-commerce entrepreneurs snap up dealmaker’s $42m Bellevue Hill home

Edwina Forest, co-founder and creative director of cult fashion label Aje, is selling her 1930s penthouse in Elizabeth Bay for $8.5 million to $9 million.

The four-bedroom spread was last seen in the 2022 issue of Vogue Living following a consolidation of two apartments and a renovation by Forest and her French photographer husband Felix Forest.

The company-title penthouse atop the Spanish Mission-style building on the loop at Elizabeth Bay Road last traded for about $7 million in 2022 when sold by Wolfgang Krueger, executive director of the billionaire Kuok family’s Shang property development group.

Forest has listed it with Richardson & Wrench’s Jason Boon.

Vaucluse’s $23m joint

Medicinal cannabis industry boss Matt Cantelo has good reason to smile this week after he sold his Vaucluse joint for about $26 million.

The exact result remains undisclosed, but it was most recently listed with PPD’s Alexander Phillips with a $23 million guide and scored a good uplift in sale price from there. It sold in conjunction with Sotheby’s Michael Pallier, who had previously listed it with $30 million hopes.

The Palm Springs-inspired residence last traded in 2018 for $19.5 million when sold by Goldman Sachs’ former director Karl Mayer and his wife Tania.

Cantelo, the chief of Australian Natural Therapeutics Group is increasingly based in Byron Bay, of course, where his company Doobie Investments bought a mid-century style house for $5.6 million.

Cash is king

Emma Lane has joined the crowded ranks of cash buyers this year, paying $8.5 million for the Manly penthouse atop the Ocean Royale building at North Steyne.

The four-bedroom pad was sold by developer Colleen Nichols, who in the 1990s developed the landmark building opposite the beach, and still owns the penthouse next door.

Lane’s purchase (in her name only) comes as she and Tom Lane, of the Oroton fashion accessories family, are also selling their Byron Bay luxury retreat Copperstone with hopes of more than $37 million, topping their $33.6 million North Coast record result of last year.

Earlier this year their Southern Highlands property Highground sold for $14.5 million to former V8 Supercars driver Paul Weel and his wife Emma.

Lane’s purchase marks a return to Manly after a lucrative five years since they sold their beachfront home on Little Manly Beach for $15.25 million to the corporate interests of US-based retirement village developer Andy Hoffman.

Caringbah’s rich lister

Former young rich list-er Dave Greiner has sold his Caringbah South home for $8.7 million.

Greiner’s personal wealth has soared since he bought the waterfront house with a private jetty as a 30-year-old in 2008 for $3.75 million.

Greiner and his Campaign Monitor co-founder Ben Richardson emerged from relative obscurity in 2014 when they debuted on the AFR Young Rich List after they sold a large stake in their online marketing company to venture capital fund Venture Partners, putting the firm’s value at more than $500 million.

Greiner purchased a block of apartments and a duplex on Cronulla’s oceanfront reserve at The Esplanade in 2018 for about $28 million amid plans to build a home across the site. Meanwhile, he and his wife Renee last year bought a house in the same area for $6.55 million.

Shane and Peter Bernard bought Greiner’s Caringbah South designer home. Peter is co-owner and director of digital content company Stain Productions and the AI-supported brand and digital marketing agency Sella Technologies.