When Sydney’s rich list and their heirs aren’t busy with large-scale home conversions, it seems many are buying up their neighbours’ houses in the hunt for ever more space.
Take Adriana Gardos, daughter of the late Transfield/Tenix boss Carlo Salteri, who with her husband Robert has bought a Castlecrag house with tennis court and pool on a double block of the waterfront reserve for $11.6 million.
The couple are currently building a two-storey residence with pool on the semi-detached block next door, where they no doubt plan to live without fear of living next door to someone else’s home remodeling job.
It was not cheap to collect the plot on the now total of 2900 square meters. Atlas’ Michael Coombs started with a guide of $9 million to $9.9 million, but with 14 contracts out, the Gardos were forced to dig deep to secure it the day before the auction.
The Salteri family founded Transfield in 1956 with the Belgiorno-Nettis family before the company was split and the Salteris family took over the defense contracting business in Tenix. Tenix Defense was sold to BAE Systems in 2008 for $775 million, and the rest of the company’s assets sold to Downer EDI in 2014 for $300 million.
The Salteri family has already laid claim to the Castlecrag suburb’s high ground, which took place in 2015 when brother Paul Salteri, the former chairman of Tenix, sold the nearby Penhallow property for $12.8 million.
Sister Mary Shaw is still in the neighborhood, having bought two waterfront houses in the mid-1980s, knocked one down to make way for a tennis court, and bought a third house next door in 2003 for 4, 3 million dollars.
Shaw and her husband Alexander bought again locally from neurologist and Rhodes Scholar Professor John Watson, paying $4.075 million.