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, 10:22 am | | 3 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.
The memories. Dave at Omon – then the curious McCarthy Watson Spencer wedding. Then the world. Interviewed him many times and worked for him at D5 in Sydney. Bottom line. He was always grounded and more interested in those around him than they were in him – no easy task for a “rock star”. Impossible but true – spend a night with him in the Gutter Bar. I reckon if someone is going to take charge of an amazing piece of our coastline, he will do something special with it.
An Aussie treasure buys an Aussie treasure. Not sure why, but it makes me feel good knowing David will be sitting in that little place. He is the new king of Sydney. Even if it is a holiday home.
Very happy for the guy and gee, hasn’t he done well.