Birkenstock retail heir pays $51.5m for Crown apartment, taking property spree to $143m
Billionaire Alex BirkenstockHeir and wife of cult German sandal brand Birkenstock vanessaHe bought a full-floor apartment at Sydney’s Crown Residences for $51.5 million in cash.
This week’s transfer documents reveal Alex Birkenstock as the buyer of a four-bedroom, three-bathroom home previously owned by the Deceased. Robert Blanc, Kerry Packer bettor. There is no mortgage statement in the title deed indicating a cash purchase transaction.
The shoe entrepreneur is adding to his Australian property portfolio. This is the third home purchase since December, all mortgage-free, totaling $143 million. Alex’s net worth is reported to be $US2.1 billion ($2.96 billion). Forbes.
The Crown residence’s listing went up with a sales tag that kept its price secret; This indicated that the sale was made by private treaty on 17 February.
Revealing the exact sales price of the long-term lease and the identity of the buyer was left to settlement documents this week, as agency co-founder Steven Chen was tight-lipped when contacted by this imprint.
But he did it. Approve this imprint in February that the property was trading above the $50 million guide.
Chen is behind other major Crown sales, including the $70 million penthouse. lawrence myersManaging director of Consolidated Press Holdings, the family office of James Packer, and his wife, Sylviaand about one $36 million four-bedroom, four-bathroom apartment Sold to co-owner of Luna Park in Sydney Bill Gravanis.
The Birkenstocks purchased the residence from Blann’s estate; Blann was one of Australia’s leading betting companies in the late 70s and early 80s, with high-profile clients such as Packer, before retiring at the age of 46 and becoming an investor and financier. He bought the apartment under the plan for $41 million and died in 2023 at the age of 85, records show.
Crown’s full-floor residences are tightly held and highly desirable.
Birkenstocks’ new space has more than 525 square feet of interior floor space, which equates to approximately $98,095 per square foot.
It takes up the entire upper floor and comes with five living spaces, an executive-style workspace, and four parking spaces. There is a media lounge, piano lounge, dining area for 12-16 people, wine tasting area and a built-in wine gallery.
Residents and guests can access the property through the grand lobby, while service staff can go directly to the butler’s kitchen.
The interiors of the design by Meyer Davis from New York City feature leather, wood and marble details. The primary suite features two dressing rooms, a steam room and a balcony for the ultimate in luxury.
Each bedroom offers a unique vantage point with views stretching from Botany Bay to the Blue Mountains, but the crème de la crème is the postcard-perfect northeast view over the Sydney Harbor Bridge and Opera House.
World-class entertainment amenities are available for residents, with access to a personal chef, optional room service with a specially curated wine list, priority seating at Crown restaurants, and resort amenities for residents including a tennis court, pool, spa, and cabanas.
The Crown residence is one of three new properties the Birkenstocks purchased. In February, transfer papers revealed Alex was the cash buyer for Sydney’s biggest residential sale in 2025. $83.5 million waterfront land in Rose Bay.
The five-bedroom, six-bathroom mansion was purchased in December. lawrence myersand his wife, Sylvia.
Listing agents Steven Chen and Brad Pillinger of Pillinger declined to comment on the sale or the identity of the buyer when contacted by this imprint. Buyer agent Simon Cohen of Cohen Handler is thought to represent the buyer and declined to comment.
Also in February This imprint appeared specifically Alex is the buyer of an $8 million Victorian mansion in Melbourne’s Brighton.
The transfer documents state that Alex is the buyer of a four-bedroom, three-bathroom house with a pool and terrace, and that there is no mortgage stated in the deed.
The property was sold in December by Alex Schiavo of Kay & Burton Bayside, who declined to comment on the sale or the identity of the buyer when contacted.
Kristy Johnson is The Sydney Morning Herald’s prestigious property correspondent.
