Blundy sells Sweven to Chinese entrepreneur Song Jianmin
It's a billionaire trade for Sweven, the Hawkesbury River home of retail king pin Brett Blundy.
The buyer is AWF Capita, a company with interests associated with Nanshan Group director, Song Jianmin, according to The Australian.
The Nanshan Group owners the Riverside Oaks Golf Resort next door to Blonde’s Sweven.
The local director, who is leading the push for the company to move into the tourism and property sector, was the $7.5 million buyer of one of the Keepers Cottage's in Vaucluse late last year.
He is the son of patriarch Song Zuowen who's net worth was tipped at $US2.6 billion by Forbes.
Sweven, an Old English word meaning dream or vision, has a treetop office with panoramic views and has a helipad making it just a short 45 minute commute from Sydney.
Blundy has been trying to shift the property since early 2015, asking around $20 million. Settlement records will show it fetched $18.75 million.
It's been a tidy profit for Blundy, who had Sweven up on rental websites raking in up to $17,500 a week.
He bought the 57 hectare estate and commissioned Timothy Moon to design the private sanctuary with the cost pegged at around $8 million.
Constructed in a series of linked pavilions with New Zealand schist rock and recycled sugar-mill timber, the home has five bedrooms, five bathrooms and separate self-contained accomodation.
It fronts the Hawkesbury River and features an alfresco living area that overlooks the infinity pool and cabana.
Blundy still waits a buyer for his Rose Bay record home. He paid $33 million for the Bayview Hill Road home just last year before quickly listing with around $45 million price hopes.
The business tycoon now lives in Singapore.
Last year the Chinese company made headlines by securing a 20 percent stake in Virgin Australia for $260 million.
Local land title rececords show Jeremy Song also owns a 320-hectare property at Jindabyne, and two Vaucluse residences -on Wentworth Road which was bought in 2009 for $6,888,000, and another on Hopetoun Avenue, St Malo bought as a 28-year-old in 2002 for $5 million.
