Buyer of Russell Crowe’s Darlinghurst property revealed

Rodney Adler’s brother-in-law, Greg Shand, was the mystery buyer of Russell Crowe’s Darlinghust office space and gym.

Rodney Adler’s brother in law, developer Greg Shand, was the mystery buyer of Russell Crowe’s Darlinghust office space and boutique gym, paying about $17 million to the Hollywood actor. Crowe paid $5.05m for the inner city property in 2003 but sold it as part of his divorce settlement from Danielle Spencer earlier this month. Shand won’t comment on the sale, which was negotiated by McGrath agent William Manning. But public records show he has set up a $2 company called 98 Riley Pty Ltd with his wife Kathy Shand, Mr Adler’s sister, who declined to comment. Meanwhile, Crowe looks certain to retain his 1000sq m Woolloomooloo Finger Wharf apartment, which he pulled off the market over Christmas. He had been expecting it to sell for about $30m.

Healthy interest

Global healthcare boss Ron Crause and wife Theresa are downsizing in Mosman, listing their luxury resort-style Wallington Road property overlooking Middle Harbour, with an asking price of more than $8.5m, through McGrath Mosman agents Michael Coombs and John Melville. The pair paid $3.3 million in 2005 for the property, which has since been substantially renovated to include four bedrooms, each with an ensuite. Ron is chief executive of Medacs Healthcare, a global provider of healthcare staff. The couple plan to stay in the Mosman area.