Private equity boss Ben Gray has set a Mornington Peninsula record, spending $30 million to purchase Westbank, a lavish 1882 mansion on the Portsea clifftop.
The BGH Capital founding partner’s purchase of the Point Nepean Road home tops the previous largest mansion sale in 2010 of Ilyuka, a Spanish mission-style pile at 16 Point King Road for $26 million.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com