George Calombaris sells Toorak mansion to help settle $8.5 million debt

·

Former Masterchef Australia judge George Calombaris has sold his mansion in Melbourne’s Toorak for an undisclosed fee as he looks to settle a remaining $8.5 million debt.

According to The Age, Calombaris sold his mansion for an undisclosed fee to 35-year-old Chinese-born buyer Ka Ning Cheung. He and his wife, Natalie, purchased the pad in 2013 for $4.75 million.

An expression of interest sign was first placed outside the five-bedroom French provincial-style home on February 10.

Sold: George Calombaris’s home in Toorak. Photo:JASON SOUTH/The Age

This is around the same time the celebrity chef’s restaurant empire suffered $20.7 million in losses before it went into voluntary management.

The collapse forced the closure of 12 venues, including the souvlaki chain Jimmy Grants and three Hellenic Republic Greek restaurants. At the time, the company employed 364 permanent and casual staff. Meanwhile, former Swisse vitamins boss Radek Sali, Made’s sole director, did his dough to the tune of $11.5 million.

READ MORE: George Calombaris restaurant empire’s collapse costs taxpayers $1 million
READ MORE: George Calombaris’ restaurants suffered $20 million in financial loss

Various bits of the business have been flogged off since. Part of the Jimmy Grants went to the owners of Melbourne Greek institution Stalactites, while the Yo-Chi frozen yoghurt stores ended up in the hands of the sons of Boost Juice founder Janine Allis.

Prominent immigration agent Lily Ong handled the deal. On Tuesday, the agent and solicitor said she was representing the new owner, but was coy when contacted by CBD, noting that the house is not in Calombaris’ name (it’s in the name of his wife).

“Other than that I can’t comment,” she said.

Sourced By: The Age

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Greece said ‘no’ to Italians in WWII, but answered to a Roman name

On OXI Day, The Greek Herald reflects on how one word - “No” - continues to shape identity, language and belonging.

How Vietnam veteran Steve Kyritsis made it his work to honour forgotten WWII soldiers

For Vietnam veteran Steve Kyritsis OAM, what began as a request from the Greek Consulate 14 years ago has become a lifelong mission.

Young Greek Australians reflect on OXI Day and their cultural identity

OXI Day remains a symbol of hope and national pride in Greek history, especially for the younger generations.

St Demetrios Greek Orthodox church at St Marys hosts first-ever Paniyiri

People flocked to St Demetrios Greek Orthodox Church at St Marys on Sunday to celebrate the feast day of the parish’s patron saint.

Kezilas family donates historic baptism record to Greek Orthodox Archdiocese of Australia

His Grace Bishop Bartholomew of Brisbane has received the first recorded Baptism Certificate issued in Australia, dating back to 1924.

You May Also Like

Tsapatolis’ career switch from basketball to AFL after rejecting Greece offer

"I told my parents footy is what I want to do and I’ll find a way to do it," new Geelong Cats singing Paul Tsapatolis said.

ELAS conduct drug raid at club in Gazi

The Greek police have been conducting a series of raids in Athens this week. First, they raided over 15 homes in Athens in a...

‘It’s a debt to the youth’: Young Greeks promised cash to get vaccinated

Greece will give young adults 150 euros ($180) in credit to get vaccinated as it launches a two-tier access policy over the summer.