Fund manager Doug Tynan has been busy of late, not just recruiting for his new investment outfit GCQ Funds Management but also trading up his eastern suburbs home real estate.
The former long-time lieutenant to VGI co-founder Robert Luciano is following the well-worn path from Woollahra to Centennial Park, where well-placed sources say he was the recent buyer of the Lactura mansion for more than $20 million.
This is the Federation house that was the long-time home of the late media titan David Leckie and his widow Skye Leckie, until they sold it for $10.5 million in 2017 to ragtrader Nick Kelly when downsizing to $17 million digs in Woollahra.
The Agency’s Ben Collier is yet to confirm Tynan’s purchase, or even the rumored $20.5 million sale figure that is widely expected to match his sale result of just a few weeks earlier for another of Lang Road’s grand mansions.
That Luigi Rosselli-redesigned residence was sold by retired colonel Andrew MacNab to Aussie Home Loan heiress Deborah Symond O’Neil and her husband Ned O’Neil.
Tynan has been a local Woollahra since 2015, when his wife Charlene purchased their Victorian-era residence for $6.15 million from London-based HSBC wealth boss Annabel Spring and Macquarie executive Peter Stokes.
At the time Spring and Stokes were also up-grading to Centennial Park, paying $11.9 million for the Meagher family’s long-held home, which if they ever return from London will make them a neighbor to Tynan.
Meanwhile, Kelly and his partner, TV producer Madeleine Kennard, are off to Rose Bay, where in February he was the buyer of the almost $30 million beachfront home of the late York Motors chief David Shmith.