iProsperity's Michael Gu readying Mosman house listing
No signs yet of its listing, but agents will soon get the chance to take the Mosman home Michael Gu, the founder of the collapsed property group iProsperity, to a spring sale.
Gu paid $10 million for the mansion back in 2017, but has recently quit Sydney after gaining an overseas travel exemption, despite allegedly owing investors $350 million.
IProsperity’s liquidator, Cor Cordis, is understood to have sold Gu’s Rolls Royce Wraith for $502,000 with just 1039km on the clock.
The luxury Mosman market is strong.
There was a $20m-plus midweek sale of the Alex Popov-designed home of childcare mogul Brendan McAssey and his wife Elizabeth, who are off to Luggie Bank at Mittagong in the Southern Highlands.
The four-bedroom home, reportedly rented by international superstars David and Victoria Beckham when they came to Sydney in 2018 for the Invictus Games, traded at $17,349,691 in 2016 when bought from Donna Doyle.
This article was first published in the Sunday Telegraph.
