Snack food wholesaler Lenka Dransfield has paid $25 million for one of three Palm Beach waterfront properties owned by Rich Lister garbo Ian Malouf.
Already a subscriber?Forget investment banking and tech fortunes – it’s salty snacks and rubbish removal that have paved the way to a $25 million Palm Beach weekender on Sydney’s northern beaches.’s seven-bedroom, four-bathroom luxury waterfront home on the Pittwater side of the exclusive holiday peninsula.Ms Dransfield is behind snack food wholesaler CAL Marketing, which offers a range of snack brands across products spanning dried shiitake mushrooms, jelly shots and ready-to-eat wild abalone.
Settlement documents have revealed the snacks entrepreneur has bought one of two neighbouring properties fronting Snapperman Beach being offered by Mr Malouf.The second property – which is still on the market with a guide price of $23 million – is a colourful Palm Springs-style 1960s waterfront home named Gidget.Ian Malouf’s Palm Beach property Gidget is still for sale guiding $23 million.
The $25 million sale was handled by LJ Hooker’s David and BJ Edwards, who declined to comment on the deal.Joanna McNivenAside from the views and flat access to the waterfront, its value lay in the fact it is the only three-level property on the exclusive strip. The house also occupies almost 90 per cent of the site, a high percentage unlikely to be approved today.
Ms Dransfield is no stranger to collecting prestige homes herself. After emigrating from Macedonia in the 1960s, the businesswoman built on her family’s food wholesaling and supermarket background to create what CAL Marketing’s website describes as a “pioneer in contemporary snacking”.
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