Dave Droga shells out $50m for ‘Lang Syne’, a 1100-square-metre block on the clifftops of Tamarama in Sydney’s Eastern Suburbs
May 15 2023, 7:23 am | | No Comments
New York-based Australian superstar ad man David Droga, CEO of Accenture Song and the founder of Droga5 – which was acquired by Accenture in 2019 for just under $500m – has snapped up ‘Lang Syne’, a 1100-square-metre block on the clifftops of Tamarama in Sydney’s Eastern Suburbs, according to the Australian Financial Review.
Droga bought the four-bedroom and two-bathroom home for just under $50 million from Dimity Griffiths, who lived in the home for 64 years with her late husband, the radio personality Harry Griffiths, which has reset Sydney’s coastal price record.
Droga emailed CB from New York: “I wanted to have a lovely place in Australia. (I felt guilty having so many deep roots in America and none back in OZ).”
The exact sale price remains unknown until the settlement period is completed.
When Griffiths bought the home, it traded for £9750 – the equivalent of around $18,000 without adjusting for inflation.