Connect with us

Local News

Buyer of Michael Gu’s Mosman mansion revealed as Robert Mead



Supplied Editorial 10 Superba Parade, Mosman, NSW 2088

The Mosman home sold for $12m.

Robert Mead, the PIMCO boss, is moving from McMahons Point to Mosman.

He’s the $12 million buyer of the Mosman home of Michael Gu, founder of the ­collapsed property group ­iProsperity.

MORE: Inside the Sydney rentals of Hollywood’s biggest stars

Gu, who paid $10 million in 2017, quit Sydney for Los Angeles after gaining a travel exemption during the pandemic, despite allegedly owing investors $350 million.

The creditors have been arguing over the house proceeds before NSW Supreme Court Justice Richard Button.

Supplied Editorial 10 Superba Parade, Mosman, NSW 2088

It was sold by Credit Suisse, but the dispute among 10 lenders as to priority, will see Button work out “how the pie is divided and what order”.

Gu’s Rolls Royce Wraith has been…

Click here to view the original article.

Continue Reading

You might also like ...

A petition to change the “outdated and offensive” name of one of Australia’s fav…
Australia Is Set to Phase Out a Range of Single-Use Plastic Items Nationwide By 2025 – Concrete Playground