Take a look inside: The spectacular house once owned by African Bank's ex-CEO is back on the market - for R135 million

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Take a look inside: The spectacular house once owned by African Bank's ex-CEO is back on the market - for R135 million | BISouthAfrica

In 2013, the house won an award for its structural steel construction.In 2014, after Kirkinis resigned from African Bank, he put the house on the market. The found that Kirkinis and the bank's directors acted recklessly.

Kirkinis wanted R70 million for the house. It remained unsold for two years, before it finally went on auction in 2016. Kirkinis received a bid of R30 million, which he declined. But property records show that it was bought by the German developer Harald Lochotzke for R20 million in 2017. His South African architect said that although he"appreciated many aspects of the original home, there were some aspects that he was not comfortable with, these included a lack of privacy, safety and adequate ventilation. The original glass sliding doors did not seal correctly, allowing wind and sand to constantly blow through the interior.

The changes included creating a wind-sheltered courtyard, and moving the front entrance door, along with adding glazed windows and new shutters and doors. It has now been put it back on the market – for R135 million. The property is marketed by Engel & Völckers, and has beenReceive a single WhatsApp every morning with all our latest news:

 

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