James Kennedy secures Clarendon Street, East Melbourne apartment
James Kennedy, the chairman of the retailer Kennedy Luxury Group, has been able to secure the $4.5 million East Melbourne apartment he and his wife, Jaimee Belle Kennedy, have occupied for the past two years.
It was only after he'd lodged two caveats on the title of the plush 150 Clarendon Street apartment claiming there was a January 2018 purchasers' contract.
It had last traded when bought by Richard Gu's AXF Group in 2011 for $4 million.
The home, located at 505/150 Clarendon Street, was tied up in the AXF Group liquidation saga as the property was an asset of Gu’s trust.
As a result, Kirsch Sutherland's Malcolm Howell, who recently lost his job as liquidator of the broker, was appointed receiver to complete the sale to the Kennedy’s.
Kennedy had to undertake action in the Supreme Court against Gu and Howell to finalise the purchase of the Clarendon Street home.
The luxurious two-bedroom, two-bathroom apartment offered expansive views over the Fitzroy Gardens and beyond.
Its features included a European kitchen, dignified living and a large terrace.
The Kennedy's had spent some $400,000 on renovations whilst occupying the home since their 2018 wedding.
Featured in Vogue, the wedding took place in Florence and showed off Jaimee’s three-day Italian wedding set and her Ralph & Russo gown.
Jaimee, who has been consistently referred to as one of Australia’s most stylish women, works as creative director for her husband’s jewellery business.
