James Hannan, son of printing magnate Michael Hannan, has bought in Vaucluse for $12 million.
, son of printing magnate Michael Hannan, have paid $12 million for a designer home in the blue chip Sydney suburb of Vaucluse.
The Hannan’s purchased their Vaucluse home in June; however, recent settlement documents reveal the couple have now taken the keys to the five-bedroom home on Serpentine Parade. It will be the third eastern suburbs move for the Hannan family in as many years. In 2020, the young family sold their Double Bay townhouse on Epping Road for $4.375 million before upsizing to Bellevue Hill – where they paid $9.05 million toIn March, the Hannans then offloaded the 1940s Bellevue Hill estate for $17 million to Ms Chambers and Mr Oakley, trading the 1284-square metre block on Bunyula Road for the turnkey property on a smaller 800 square metres in neighbouring suburb Vaucluse.
The mid-century property has undergone an extensive revamp by LuMu Studio and is entered through a Carrara and Terrazzo marble foyer and features a gas heated pool with self-contained pool house, wine & cheese room and a safe room. The sale was handled by Alexander George, of Bradfield BadgerFox. Mr George declined to comment on the sale.of the famed publishing dynasty. In 2007, the Hannans sold the family-run IPMG’s newspapers and magazine offering to News Ltd AustraliaHowever, last year Ovato – the company formed by a 2017 merger between the Hannan family’s IPMG and PMP Ltd – entered into voluntary administration, in part due to the burgeoning dominance of digital content.
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