Phoenix Lithium founder Nick Wakim has spent $100m on prestige property this month, his latest acquisition being renowned rural estate Allanvale near Nagambie.
Lithium developer and horse breeder Nick Wakim has taken his spending spree on prestige Victorian real estate to over $100 million this month, after adding the 1233-hectare Allanvale estate near Nagambie to hisMr Wakim, the founder and CEO of Melbourne-based Phoenix Lithium, which is developing a geothermal lithium project in California’s Imperial Valley, paid $61 million earlier this month for the Walker family’s Huntingfield compound on Toorak’s Albany Road, It has since emerged he also...
The Beddisons purchased Allanvale in 2004 from the children of Sir Alec and Lady Creswick, who had owned it since the 1950s. Before that, it was owned by the Myer family and then the Grimwade family. Alongside his Phoenix Lithium venture, which is chaired by former BHP Billiton and Rio Tinto executive Donald Carroll, Mr Wakim is a well-known horse breeder.In 2021, he paid $2.85 million for a 73-hectare equine property at Hilldene, which is just a 20-minute drive from the Allanvale Estate.
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