An apartment in Tim Gurner’s luxury Saint Moritz complex in St Kilda, which has been the subject of complaints about defects, was offered for sale at a $1.3 million discount to the price achieved in 2022.
The development, popular with Melbourne’s elite, boasts a 25-metre indoor pool, bar, library, cinema, private working spaces known as chairman’s lounges and a spa complete with a floatation pod and a cryogenic chamber, according to marketing material.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com
