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Andrew Cochineas, the chief executive officer of Pallion, and his wife, Lisette, have emerged as the buyers of a $50 million Mosman mansion, making it both a suburb and north shore record.
Pallion is a precious metal services group in Australasia, comprising two core divisions – bullion and jewellery. It owns gold dealer ABC Bullion, whose Martin Place store has been fielding queues of retail investors buying physical gold as the gold price has risen.
This masthead revealed in October that the three-storey, six-bedroom, seven-bathroom property sold for about $50 million by the Balnaves philanthropic family, who purchased it for $6,525,000 in 2001.
It was left to settlement documents this month to confirm the exact sale price of $50 million and the buyer’s identity. The abode is under Lisette’s name; Lisette is the former NSW and ACT general manager for the Institute of Chartered Accountants.
The couple is upsizing from a tri-level, four-bedroom, four-bathroom residence with a pool, cellar, gym and steam room elsewhere in Mosman, that they bought for $3.25 million in 2006, and local sources say they will list the property in spring.
Architect Daniel Boddam said his firm completed the design of the now-Mediterranean villa in 2011 and made some minor modifications in 2021. Interiors are by Cameron Kimber Design.
The Cochineas family’s new home is on a 2235-square-metre block and was designed by architect Susan Rothwell. The exterior features Palladian architecture with its symmetry and columnlike design, and interiors evoke glamour with a central atrium water feature and travertine bathrooms. There are formal and casual wings, a wet-edge pool, spa, gym, steam room and uninterrupted views from North to South Head and Balmoral Beach.
The $50 million deal was made just days before the estate officially launched to market in October. At the time, two sources with knowledge of the deal but not authorised to comment publicly said it sold towards the top end of the $45 million to $50 million guide.
Michael Coombs of Atlas Lower North Shore sold the home in conjunction with Adrian Bridges, who is now at Raine & Horne Mosman, but both declined to comment on the sale price or buyer. They did confirm the sale.
Finance whiz lists Darling Point home
John Frechtling, the former chief financial officer for ANZ’s global wealth and private banking team, and his wife, Wendy, have put their Darling Point residence on the market with a price guide of $14 million.
The three-bedroom, three-bathroom, whole-floor abode in a block of three was purchased by the couple for $4.45 million in 2013, records show, and local sources not authorised to comment publicly say they are looking to upsize in the area.
No major changes have been made to the property since they bought it, with an original design by architect Andre Porebski and interiors by Thomas Hamel.
The foyer alone is luxurious, with European oak, timber, travertine and glass detail, while the home features open-plan living and dining zones, a Calacatta marble kitchen, European oak herringbone parquetry floors, electric awnings and louvres.
There is a glass-covered loggia and lawn with views of the Harbour Bridge and city skyline, and an added bonus is a shared gym.
John has more than 20 years of experience in financial services and has held numerous roles at ANZ. He previously worked as chief financial officer for BT Financial Group and in the retail divisions of Westpac in Australia and New Zealand.
An auction has been scheduled for Saturday, June 13, and the listing agents are Maclay Longhurst and James Dunn of Sydney Sotheby’s International Realty, in conjunction with Marion Badenoch of TRG.
Storage king to move on in?
Rich Lister Sam Kennard, the chief executive officer of Kennards Self Storage, has emerged on settlement documents as the buyer of a $10 million abode in Kurraba Point.
A sold sticker went up on the listing indicating a sale prior to auction on March 25, with the sale price disclosed. However, it was left to transfer documents last month to reveal Kennard as the buyer.
The three-bedroom, two-bathroom penthouse apartment in a collection of 24 harbourfront residences features architecture by SJB, interiors by Mathieson and landscaping by Dangar Barin Smith. Marble, limestone and expansive glass adorn the space.
Each resident has their own deluxe wine cabinet in a tasting room with a wet bar in the basement cellar room. There is also a shared rooftop terrace with a built-in barbecue.
Sam and his wife, Claire, also own a four-bedroom, three-bathroom home in Longueville, purchased for $6.55 million in 2013, under Claire’s name.
Sam joined Kennards Self Storage in 1991 and was appointed chief executive officer in 1994, taking over from his father, Neville Kennard.
The Kennard family made The Australian Financial Review’s 2025 Rich List with an estimated net wealth of $3.79 billion.
Ray White Lower North Shore Group’s Geoff Allan and Geoff Smith sold the Kurraba Point property.
