Billionaire Businessman Lloyd Williams Buys Adjoining South Yarra Development Sites
BILLIONAIRE businessman Lloyd Williams is continuing to reweight his property portfolio.
This time, in South Yarra, the racehorse owner, investor and high-density apartment builder has paid $13 million for two adjoining, historic homes (aerial pic, right) in the heart of the suburb’s uber-exclusive, low density Botanic Gardens precinct.
Williams is expected to bulldoze the homes on the combined 1632 square metre site – including a 1930s mansion – and replace it with something more efficient, presumably a multi-level apartment complex built atop an underground car park.
Read more