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Developer Jreissati cuts $1.5m from Eureka Tower penthouse price

Sarah Petty

Property developer-turned-vintner Elias Jreissati and wife Colleen are having another stab at selling their whole-floor penthouse – cutting the price guide by $1.5 million – in Melbourne’s Eureka Tower, also dubbed the city’s high-rise “white elephant” by some industry insiders.

The founder of Benson Property Group and his wife have putlevel 82 of the 91-floor tower in Southbank back on the market with a $21.5 million-$23.5 million price guide, less than the $25 million asking price they last unsuccessfully listed it with in 2022.

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Sarah Petty covers commercial and residential property markets for The Australian Financial Review, based in the Melbourne newsroom. Email Sarah at sarah.petty@afr.com

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    Original URL: https://www.afr.com/property/residential/developer-jreissati-cuts-1-5m-from-eureka-tower-penthouse-price-20250718-p5mfwk