Billionaire Mike Cannon-Brookes has further expanded his intensive serious estate portfolio in Australia with the invest in of a vacant plot of land in a suburb of northern Sydney.

A company entity tied to the tech tycoon, who co-established application enterprise Atlassian, bought the vacant ton in Newport, in Sydney’s Northern Shorelines, for A$1.4 million (US$986,160) in August, listing and assets records show.

Spanning upward of 24,000 square toes, the site is billed as an opportunity to establish a desire house on “one of the very last remaining building options on the Northern Beach locations,” in the listing which was held by David Watson and Jono Gosselin of LJ Hooker – Avalon Seaside.

The “once in a lifetime possibility,” is established in a “sought right after and extremely private site,” the listing continued.

The brokers declined to remark on the transaction. 

This latest order by Mr. Cannon-Brookes, 41, is a little unique than his normal acquisitions, which contain some of Australia’s most lavish and pricey trophy houses.

Nonetheless, the land is situated just behind Casa Paloma, a modern day waterfront mansion that Mr. Cannon-Brookes and his spouse Annie paid A$24.5 million for in June, listing and house documents display.

It may provide as a prospect to develop the property, or just establish an prospect to lengthen the home’s privateness.

All in all, Mr. Cannon-Brookes and company entities connected to him, have ordered nearly A$250 million truly worth of real estate throughout Australia considering the fact that 2010, in accordance to Domain, which to start with claimed the invest in of the land.

A considerable part of that full was extra in 2018, when the Cannon-Brookes spouse and children purchased Fairwater, a sprawling historic waterfront estate in Sydney, location a selling price report for the nation and marking the initially A$100 million residence sale in Australia.

“We are delighted with the order of Fairwater for our younger family members and search forward to continuing the legacy of this wonderful Sydney household,” they mentioned in a statement at the time of Fairwater’s order. “We appreciate the plan of elevating our 4 young little ones in this historic property, filling the property and gardens with like and laughter through the several years.”

A consultant for Mr. Cannon-Brookes did not instantly respond to a ask for for remark.