Alan Joyce doubles down in luxury Sydney skyscraper

Alan Joyce and Shane Lloyd will list the Mosman home they bought last May.

Outgoing Qantas chief executive officer Alan Joyce and his husband, Shane Lloyd, have snapped up a half floor apartment neighbouring one they bought 15 years ago.

The 42nd storey half-floor The Rocks apartment hit the market in April.

The latest purchase – 4202/129 Harrington Street, within The Cove, at The Rocks, is costing a speculated $9 million following a deal by McGrath’s Richard Shalhoub.

Across 223 square metres, it contains three bedrooms and a study.

There is an additional 51 sqm of balcony area.

The title includes a double lock up garage too.

The couple’s first unit – 4201/129 Harrington St, their main home – adds 209 sqm of internal area, with three bedrooms.

Also with a car park, it set them back $4.58m.

The latest purchase comes two months since Gretel Packer paid ex-Macquarie banker Greg Peacock $9m for a two bedroom penthouse within Potts Point’s Macleay Regis.

Containing 165 sqm, that apartment is expected to be amalgamated with an abutting 350 sqm unit the daughter of media tycoon, Kerry, picked up from the Coppleson family for $8.75m in 2017.

The Art Deco Macleay Regis was developed by Woolworths co-founder Harold Christmas in 1938 (story continues below).

Alan Joyce and Shane Lloyd paid c$9 million for 4202/129 Harrington Street.

Change of plan

Designed by Harry Seidler & Associates and completed in 2004, The Cove contains 212 units over 56 levels.

Mr Joyce and Mr Lloyd will now amalgamate, refurbish and occupy the full floor apartment.

Alan Joyce and Shane Lloyd’s neighbouring apartment when acquired in 2008.

With that, a c1908 Arts & Crafts home in Mosman’s Musgrave St, which the pair purchased last May for c$19m, is about to be relisted.

The Sydney Harbour Bridge view from The Cove’s 42nd floor.

Over three storeys, with six bedrooms, a cinema and two open plan lounge and dining rooms overlooking a private jetty and Mosman Bay, it was to have been refurbished despite being effectively rebuilt by Paul Moon in July, 2015, with the majority of fixtures and fittings coming from Seattle. Local builder Lovett Custom Homes undertook the construction work.

The couple should break even, or possibly even pocket a small premium on a sale, local agency sources say.

Mr Joyce and Mr Lloyd also hold a waterfront Palm Cove home which cost $5.25m in 2015.

Mr Joyce will step down as Qantas CEO in November after 15 years.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of