When Sydney’s wealthy list and their heirs aren’t busy rebuilding large-scale homes, it seems many are buying up their neighbors’ homes in search of ever more space.
Take Adriana Gardos, the daughter of late Transfield/Tenix boss Carlo Salteri, who together with her husband Robert bought a Castlecrag house with a tennis court and swimming pool on a double block of river reserve for 11.6 million of dollars.
The couple are currently building a two-storey residence with a swimming pool on the double block next door, and which they no doubt plan to live in without fear of living next to the job of rebuilding someone else’s house.
Amassing the plot of what now totals 2,900 square meters didn’t come cheap. Atlas’ Michael Coombs started with a $9-9.9 million guide, but with 14 contracts, the Gardos family was forced to dig deep to secure it the day before the auction.
The Salteri family co-founded Transfield in 1956 with the Belgiorno-Nettis family, before the company was split up and the Salteris took over the defense contracting operations in Tenix. Tenix Defense was sold to BAE Systems in 2008 for $775 million, and the rest of the company’s assets were sold to Downer EDI in 2014 for $300 million.
The Salteri family already lay claim to the upper suburb of Castlecrag, established in 2015 when brother Paul Salteri, the former chairman of Tenix, sold the nearby Penhallow estate for $12.8 million.
Sister Mary Shaw is still in the neighborhood, having bought two waterfront homes in the mid-1980s, demolished one to make way for a tennis court and bought a third house next door in 2003 for 4, $3 million.
Shaw and her husband Alexander bought locally again from neurologist and Rhodes Scholar Professor John Watson, paying $4.075 million.