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Property Markets / Transactions


Apr 15 2019

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Luxury property developer GURNER™ has defied the market yet again with almost $80million in off-market penthouse sales achieved in just 36 hours at its defining new development, Saint Moritz, as Melbourne’s wealthy business set emerge as buyers of the multi-million-dollar properties. 

The developer has confirmed it approached a list of key business and real estate identities approximately four weeks ago with an invitation to exclusively view the Penthouse Collection prior to its public launch next week, allowing for pre-launch sales to commence over the weekend. 

Within 36 hours, the five out released out of the total of eight penthouses had sold to the total value of $78million, including: 

  • • Grand Esplanade Penthouse One – Approx 400sqm with rooftop pool and terrace: $16million 
  • • Grand Esplanade Penthouse Two – Approx 480sqm with rooftop pool and terrace: $19million 
  • • Grand Esplanade Sub Penthouse– over 550sqm with expansive terrace: $19million 
  • • Pacific House Penthouse One – over 380sqm with expansive terrace: $15million 
  • • Azura Penthouse One – over 330sqm with expansive terrace: $9million 


Some of the defining features of the penthouses include private steam rooms and solid Nero Marquina bathtubs with 180-degree water views, internal pools that submerge into the rooms below, private art gallery spaces, solid marble slab joinery and benchtops, floating marble fireplaces, direct lift access and feature glass ‘sky ceilings’. 

One of the penthouses features its very own rooftop pool with a glass bottom that sits on top of the incredible direct access lift and lobby, providing its owners with an arrival experience that has never been offered in the world before. The rooftop terrace is over 280sqm of external space for entertaining with incredible 270-degree views of the water. 

Other features surrounding the service and amenity offerings within the building are still yet to be revealed, however the developer has promised to reveal an amenity offering that ‘is truly unlike anything the world has ever seen before on a luxury residential scale’. 

The developer has signed strict confidentiality agreements with all five buyers however GURNER™ can reveal all buyers were well-known local business identities who currently reside within 1.5km of the project and Toorak, most of which whom will be moving from large existing properties and family homes. 

Just three of the penthouses now remain across the three buildings, with the balance of the project set to launch in the coming months. 

“ Our strategy for releasing the Penthouse Collection first was all about providing our buyers with the opportunity to custom design their residence from the ground up, so the remaining floorplates will be designed around these penthouse offerings,” said GURNER™ founder and director, Tim Gurner.

“ We quietly approached a number of Melbourne identities who fit the profile of this sort of residence, and within a matter of weeks we had dozens of interested parties all vying for one of the five penthouses. 

“ I had planned to travel to the USA for business however I decided to delay my flight to the following week as we had such insatiable appetite for the penthouses, it was like nothing I had ever experienced before. 

“ Within 36 hours we had multiple parties bidding on five of the penthouses and by the time I jumped on the plane, all had been sold with a few parties missing out. 

“ There is not much I am able to reveal about the buyers other than the fact they are all well-travelled people who expect nothing but the best so we feel extremely privileged to be delivering such incredible homes for them that align with their high expectations,” he said. 

In what is shaping up to be Australia’s most talked about address, Saint Moritz has set tongues wagging since its illustrious full-floor penthouse was purchased off market for a rumoured record-breaking approximately $30million earlier this year. 

Set over 650sqm of internal and 150sqm of external space and featuring seven bedrooms, a seven-car private garage with direct access lift, four living rooms, an in-home sauna and gym. 

“ The first penthouse sale set a new benchmark for Melbourne price-points while the additional penthouse sales have solidified the desire from Melbourne buyers for something that has never been offered before in Australia and arguably the world,” said Gurner. 

Saint Moritz will offer approximately 120 private residences encompassing two, three four, five and six bedroom offerings, with prices ranging from $1.4million to $30million-plus. 

The project is currently taking registrations of interest with sales to launch in mid-2019. 

For more information or to register your details please visit 

For more information on GURNER™’s latest apartment projects please visit 



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