Former QBE chief Pat Regan — who parted methods with the insurer two weeks in the past after a grievance by a feminine worker — has listed his Level Piper harbourside condo on the market.
The corporate’s board stated the CEO, who had been within the job three years, “had exercised poor judgment” however gave no additional particulars.
Nonetheless, it’s understood an exterior investigation by a legislation agency didn’t discover the incident was a case of sexual harassment, although it was inappropriate.
Together with his quick exit, Regan acquired a fee of $310,000, in lieu of a lowered discover interval, plus his statutory go away entitlements. However he additionally forfeited share rights price greater than $10 million.
His grand three-bedroom, three-bathroom condo with two-car storage is within the unique Kilmory Property at 3/6 Wentworth Street has a $6.5m-$7m value information with Sotheby’s Worldwide managing director Michael Pallier.
It’s set to go to public sale on October 10.
Pallier refused to remark in regards to the proprietor of the condo when contacted by the Wentworth Courier, however property data present Regan and his associate, Georgina Koch, bought the condo for $5.7m in 2014.
The realestate.com.au advert describes the condo as “an extravagant non-public haven in Level Piper, set on the best level of Australia’s most prestigious peninsular”.
It’s considered one of simply seven bespoke flats throughout the circa 1913 former mansion.
Together with being pet pleasant, the condo is claimed to supply “each opulence and grandeur with a up to date edge”.
There are never-to-be-built out views throughout Sydney Harbour, Double Bay and the town skyline from the highest ground of the house-size condo.
With 400sqm of inner dwelling house, its designed to supply each indoor and outside entertaining on a grand scale.
Formal and casual dwelling and eating areas open out to sunny and personal travertine terraces and a loggia-style entertaining room with harbour views.
The fashionable open-plan kitchen incorporates a butler’s pantry and Miele home equipment.
Upstairs, lodging contains of three massive bedrooms, all of the with built-ins, capturing panoramic harbour views.