Heiress Francesca Packer-Barham has had a considerable win on a savvy move when her family might have wanted her to go another way. Picture: Richard Dobson
Sassy Francesca Packer-Barham secured $27.5m when her vast apartment in the Horizon tower in Darlinghurst settled last week.
The 30-year-old daughter of Gretel Packer and Nicholas Barham bought the whole-floor property in 2019 for $15.8m.
Having exchanged contracts last September, Chris Douglas emerged the buyer of the five-bedroom, 40th-floor apartment in the Harry Seidler-designed high rise.
At 565sq m, and with four balconies plus eight car spaces, it ranks as one of the largest single-level apartments in Sydney.
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Francesca Packer-Barham secured $27.5m when her vast apartment in the Horizon tower in Darlinghurst.
The 40th-floor apartment has five bedrooms, four balconies plus eight car spaces.
Earlier this month, Darlinghurst saw another whole-floor penthouse sell for $15.2m. The Stanley St home atop Angus House had 513sq m of space. It had last traded in 2016 for $5,555,000, when bought unrenovated by radiologist Dr Jonathan Seeff and his wife Rachelle from the building’s developer, Theo Onisforou.
The 1930s building had been converted in the late 1990s by Onisforou in a partnership with tycoon James Packer through their highly successful development company, Dorigad.
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Francesca Packer-Barham. Picture: Don Arnold/WireImage
Packer-Barham was just 24 when she bought her luxury Horizon apartment, showing considerable independence, and property smarts, since there would likely have been some family pressure to instead buy into the Crown Residences project of her uncle, James Packer.
It was December 2017 when James Packer spent $72,229,573 on his two floors at One Barangaroo which heralded the start of the marketing campaign for the tower.
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The kitchen.
Pool with a view.
Eight years on and there’s been no sellout of the 82 apartments in the WilkinsonEyre-designed tower.
And the recent resales in the complex show subdued growth. There was a $10.5m sale, having been bought from Crown for $8.5m, and another that fetched $17.5m having been bought new for $14.48m.
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