Woolloomooloo upgrade for rag trader Wassim Gazal
The veteran rag trader Wassim Gazal is set to upgrade at Woolloomooloo.
He has sold a 157 square metre three bedroom apartment on the wharf's second floor for $2.85 million and bought a nearby townhouse apartment with marina berth for $5.55 million.
It was secured through Juzcorp, the company that he co-directs with brother, Ziab, who has a fourth floor wharf apartment.
The apartment acquisition was through BresicWhitney agent Nic Krasnostein from Gaby Kennard who paid $3.31 million for the waterfront position in 2013 and had Jonathan Richards from SJB Architects to completely rebuild.
This article first appeared in The Daily Telegraph.