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“Blue chip”: The plan is to lease out the Double Bay penthouse, beforehand owned by the late Eileen Bond, sources say.
The Birkenstock footwear billionaire had a $200m funds to splurge on Aussie actual property final December, with the newest being Eileen Bond’s Double Bay penthouse for $20m.
However in case you had been Alex Birkenstock’s footwear, why wouldn’t you?
Birkenstock, 57, reportedly has a $3bn fortune because of the sale of his and brother Christian’s stake within the German household’s sandal enterprise in 2021.
Alex’s identify appeared yesterday on land title paperwork for the harbourside dual-level four-bedroom house within the block of three at 9 Gladswood Gardens.
Spanning 492sqm, it provides sweeping views of Double Bay and has not modified fingers in 40 years, having been owned by the late Eileen Bond — one of many wives of the late enterprise tycoon Alan Bond — who’d purchased it for $1.225m, six years earlier than the couple divorced in 1992.
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The late Eileen Bond cherished the Double Bay penthouse.
![Vanessa Cush models some of Myer's winter fashion range. Vanessa wears Donna Karan dress.](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 768 1024"%3E%3C/svg%3E)
Alex Birkenstock and his spouse, former mannequin Vanessa Cush, haven’t any plans to maneuver in.
It is going to lease out for between $7000 and $8000 per week.
The acquisition, by way of his purchaser’s agent Simon Cohen and gross sales brokers Elliott Placks and Thomas Popple of Ray White Double Bay — took the Birkenstock property spend to $163m.
Not one of the brokers had been obtainable to touch upon the Birkenstock’s newest buy.
Information Corp broke the information in January of his first Sydney buy final December — a Rose Bay waterfront mansion for $83.5m — the largest Sydney deal of 2025 — the place Alex and his spouse, former mannequin Vanessa, now reside.
The identical month, he purchased an $8m mansion within the Melbourne suburb of Brighton.
Then in Might, information broke that he’d purchased a $51.5m house on the 78th ground of Crown Residences in Barangaroo, on February 17, the 525sqm whole-floor residence of the late Robert Blann, Kerry Packer’s bookmaker.
Will the Birkenstocks really feel the necessity to redecorate?
Eileen, the primary spouse of the enterprise tycoon Alan Bond, had purchased it for $1.225m in 1992.
That four-bedroom, five-bathroom house with four-car storage in Crown will appeal to strata levies of greater than $140k a 12 months, and regardless of it’s potential to lease out for $20k per week, it’s set to be a metropolis bolthole for the household or visiting friends from abroad.
However sources say Birkenstock’s newest buy is solely “a blue-chip funding”, which he’ll lease out for between $7000 and $8000 per week.
He could not even hassle to renovate it — “bigger than life” Pink Bond’s ornament type will need to have appealed to the couple.
On the time of its itemizing, Eileen’s daughter, Perth actual property agent Jody Fewster, stated her mom had spent three months of the 12 months within the Double Bay house and “completely cherished it”.
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