Fashion power couple add to huge property empire with $10million splurge
Tom Lane, 53, splashed the cash on a six-bedroom, six-bathroom property in Clontarf, near his birthplace of Manly, on Sydney 's Northern Beaches.
The home is another addition to the property portfolio built by him and his wife Emma Lane, known as The Range Estates.
Mr Lane bought the home from financial services executive Donald Sharp and his wife Yunxia Tong.
The former owners paid $8million for the 784sq metre block in 2021.
The latest sale of the Clontarf home was through Bo Zhang of Atlas Lower North Shore, the Sydney Morning Herald reported.
The Lanes have spent upwards of $24million on Sydney's Northern Beaches in the past six months.
Mr Lane bought a new duplex in Manly for $5.3million - which he paid in cash.
Ms Lane also purchased a property in Manly, spending $8.5million on a penthouse late last year.
Mr Lane is the grandson of Oroton founder Boyd Lane.
Having opened in 1938, Oroton is Australia's oldest luxury fashion company.
Oroton entered voluntary administration in 2017 and was purchased by Will Vicars who reinstated it as a private company.
The news follows the sale of The Range Estates' Copperstone property in Bangalow, near Byron Bay.
The luxury equine estate sold for $30million, breaking the record for highest sale in Bangalow and reaching one of the top sales in the Byron region.
Kim Jones of Jones and Co finalised the sale last week.
The couple bought the 19ha property in Bangalow for $3million in 2021.
Mr Lane previously told News Corp he treats his property investments as a 'business model'.
That model includes buying properties, redeveloping them and living in them for a while before eventually reselling them.
Some of the couple's recent successes include The Farm in Ewingsdale which sold for about $16million in 2020 and The Range at Coopers Shoot for $37million in 2023.
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