The wife of one of Australia s richest men has splashed out $12.5million to buy a boutique hotel.
Amber Symond bought the heritage mansion at Potts Point in Sydney s inner city to turn it into a private residence.
Ms Symond is married to John Symond, leading Australian mortage broker and founder of renowned property business Aussie Home Loans.
For the past 30 years the property was an exclusive hotel for wealthy visitors to take in the sights of Sydney.
Constructed from earthy red-bricks with Tudor arches and stained glass windows the house features stylistic elements dating back to the 19th century.
It has 12 bedrooms as well as an English library, drawing room and a guest lounge nestled just a 15 minute walk from the Royal Botanic Gardens.
Ignition Lane s Weekly Wrap: VC s $1 6bn year, Christmas collapses, Bassat s bitcoin bet
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CBA to merge Aussie Home Loans with Lendi 18 December 2020
Source: CBA Commonwealth Bank of Australia (CBA) today announced it has entered into an agreement to merge Aussie Home Loans (Aussie) with Lendi, a leading online home loan platform. The merger will bring together Aussie’s significant network, strong brand and deep experience in supporting customers with their property goals, with Lendi’s leading technology and platform.
The complementary capabilities of Aussie and Lendi are expected to support the growth of the existing businesses and to deliver a range of additional benefits over time for customers and brokers, including enhanced digital capabilities and improved operational efficiencies.
ASX rises 0.7pc as gold miners lead solid rally in shares
Share
Gold miners were among the sharemarket s best performers on Wednesday, leading the benchmark to a 0.72 per cent gain, after a strong rise in the price of the precious metal driven by hopes a US stimulus deal is finally close.
The S&P/ASX 200 Index added 47.9 points to close at 6679.2. The All Ordinaries gained 50 points to 6916.7.
The price of gold rose 1.4 per cent to $US1853 an ounce overnight, buoying local mining stocks.
Afterpay soared to a new record, up 4.2 per cent to $114.60, extending its strong start to the week ahead of its inclusion in both the S&P/ASX 20 and the S&P/ASX 50 indices.
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CANBERA (dpa-AFX) - Commonwealth Bank of Australia (CBA.AX) agreed to merge its Aussie Home Loans with an online home loan platform Lendi.
Upon completion, CBA will retain a 45% shareholding in the combined business, with existing Lendi shareholders holding the remaining 55% shareholding.
CBA said it will also receive deferred consideration and a pre-completion dividend of A$105 million in aggregate. The deal is not expected to have a material financial impact on CBA s capital position.
The deal is expected to complete by mid calendar year 2021.
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