Former QBE chief executive Pat Regan — who parted ways with the insurer a week ago after a complaint by a female employee — has listed his Point Piper harbourside apartment for sale.
The company advised the ASX last Wednesday that Regan had finished up the day before and received a payment of $310,000, in lieu of a reduced notice period, plus his statutory leave entitlements.
He also forfeited share rights worth more than $10 million with the shock exit following last month’s complaint and the board finding he had breached the insurer’s code of conduct.
Regan’s grand three-bedroom, three-bathroom apartment with two-car garage is in the exclusive Kilmory Estate at 3/6 Wentworth Street has a $6.5m-$7m price guide with Sotheby’s International managing director Michael Pallier.
It’s set to go to auction on October 10.
Property records show Regan purchased the apartment for $5.7m in 2014.
It’s realestate.com.au ad describes it as “an extravagant private haven in Point Piper, set on the highest point of Australia’s most prestigious peninsular”.
It’s one of just seven bespoke apartments within the circa 1913 former mansion.
Along with being pet friendly, the apartment is described as offering both opulence and grandeur with a contemporary edge.
There are never-to-be-built out views across Sydney Harbour, Double Bay and the city skyline from the top floor of the house-size apartment.
With 400sqm of internal living space, its designed to offer both indoor and outdoor entertaining on a grand scale.
Formal and informal living and dining areas open out to sunny and private travertine terraces and a loggia-style entertaining room with harbour views.
The modern open-plan kitchen features a butler’s pantry and Miele appliances.
Upstairs, accommodation comprises of three large bedrooms, all the with built-ins, capturing panoramic harbour views.