Phil Rankine sells luxury home

Davida Erdahl

The property, mentioned for $one.five million late final year, was explained by brokers as a “Hamptons-style” luxurious household, and includes a swimming pool, double garage, and a stroll-in linen press on a 1023sq/m block. The brokers would not disclose the sale price tag, and the determine is still to be […]

The property, mentioned for $one.five million late final year, was explained by brokers as a “Hamptons-style” luxurious household, and includes a swimming pool, double garage, and a stroll-in linen press on a 1023sq/m block.

The brokers would not disclose the sale price tag, and the determine is still to be mentioned on publicly available registers.

The home’s 2015 transformation was comprehensive by Rankine and former wife Amity Dry on their now defunct site, doingourblock.com. The few came to prominence after successful the inaugural season of strike television show The Block in 2003, and Ms Dry is a prosperous entertainer in her personal suitable.

The Advertiser claimed in November that the property had a house loan and 4 caveats on it, with one particular lodged by the liquidator of Rankine’s companies, Martin Lewis of KPMG.

The other a few ended up lodged by North Adelaide conveyancer Alex Dianos who has claimed he is owed $five.9 million.

General public files now show that the property now only has one particular, new house loan above it, and one particular caveat from Mr Lewis.

There is a recognize of ‘withdrawal of caveat” dated March 13, however there are no details right away available as to no matter whether they ended up Mr Dianos’s caveats.

The Advertiser was not able to make contact with Mr Dianos.

Rankine was for a lot of decades the foremost concert promoter in Adelaide, bringing acts these kinds of as Florence + The Device, Phil Collins and Bon Jovi to the point out.

His business affairs unravelled final year however, with a Supreme Court docket action above money owed of additional than $four million claimed to be owed to a European consortium and complete claims of additional than $twenty million, together with to Adelaide identities these kinds of as former Crows player Mark Ricciuto and members of the Kidman loved ones.

A lot more Information:

Space Events pressured into liquidation

Adelaide’s major concert promoter sued for $4m

The Advertiser understands that the Critical and Organised Financial Crime Investigation Part of SAPOL has contacted men and women owed money by Mr Rankine, in relation to dealings all-around the Elton John concerts held in Adelaide in December.

Chugg Enjoyment stepped in and took above the operating of the Elton John concerts after a selection of Mr Rankine’s companies ended up very first put in administration and then liquidation final year.

The Advertiser was not able to make contact with Mr Rankine.

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