He sold his studio to Netflix for $700m. Then he went on a $120m property spree

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The Animal Logic co-founder has taken to real estate in a big way in recent years, and his $12 million Byron Bay cash buy is just his latest acquisition.

Billionaire Bruce Gordon’s daughter Genevieve Gordon joins him in the Quay Grand at Circular Quay.has parlayed the windfall from the sale of his Animal Logic animation studio to Netflix into a $120 million property portfolio, the crowning jewel of which is a recently purchased $12 million luxury Byron Bay hinterland property.Dan Collins

, who commissioned the Davis Architecture design with a slew of lifestyle add-ons such as a spa and swimming pool, 10-person sauna, ice bath, gymnasium, yoga studio and a parents retreat with “bath ritual room”.It was a multimillion-dollar home project for the couple, but even still, it offered a stonking gain given the one-acre lot cost $2.3 million in 2020.

Nalbandian and his Armenian parents emigrated from Egypt to Australia when he was six, and he co-founded Animal Logic in the early 1990s withFollowing the sale of Animal Logic, Nalbandian has developed a keen interest in real estate, forking out $108 million in less than two years for a slew of office, retail and commercial sites across Sydney’s inner west.Chief among his investments is a converted warehouse in Surry Hills for $32.25 million, the Belltower office building in Eveleigh for $18.

A year ago, Asia-based private equity outfit Navis Capital acquired a majority stake in the company, paying a reported $150 million.next returns to Sydney to meet the chief and co-directors of WIN Television, many of them may choose to attend in their pyjamas, given how many of the company’s senior ranks now own boltholes in the same harbourside building.who has bought into the Quay Grand at Circular Quay, paying $6.4 million cash for a two-bedroom bolthole.

Genevieve Gordon sits on the boards of WIN TV and the St George Illawarra Rugby League Football Club, as well as heads up WIN’s radio division.are based in Wollongong, where she has been taking on ever-more-demanding roles at WIN, heading up radio and sitting on the boards of WIN and the St George Illawarra Rugby League Football Club. She also sits on the board of the family company Birketu, which happens to be the largest shareholder of Nine .

 

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