The Sydney house that Pandora jewellery built is for sale for $27m

Investing in Danish jewellery brand Pandora appears to have been fruitful for Brook Adcock, the former Pandora Australia boss, who is now selling his Newport mansion with a $27 million guide.

Adcock co-founded the Pandora jewellery franchise in Australia with his then-wife Karin Adcock in 2004, and the pair have since sold back their interests to the parent company in a rumoured $100 million deal.

Adcock purchased the manor for $14.6 million in 2008, a year before starting his own private equity firm and leaving behind a career as a military and Qantas pilot, and is selling with his children now grown and no longer living in the house.

The six-bedroom, six-bathroom estate is situated on two north-facing blocks of an impressive 1426 square metres, and includes a self-contained guesthouse, gym, billiard room, temperature-controlled wine cellar and office.

There are uninterrupted Pittwater vistas with an infinity-edge pool, landscaped gardens, a 130-foot jetty, boatshed and two deepwater berths for a 60-foot vessel and a smaller one.

An entryway features a tranquil koi pond and interiors include parquetry floors, a sculptural staircase, gas kitchen, high ceilings and a neutral palette.

James Baker and Lauren Garner of McGrath Pittwater Avalon are looking for expressions of interest and guiding $27 million.

Pandora has proved a juggernaut. Projected 2026 revenue for Pandora in Australia is $65.7 million, according to IBISWorld, and as of 2025, there are 132 stores.

Price cut on luxury acreage

Adrian Puljich, the CEO of land lease property developer GemLife, and his interior designer wife Jessica, are giving the property market another go by relisting their Coopers Shoot mansion with a price guide of $26 million to $27 million.

Adrian rang the bell at the ASX in July, listing his over-50s living business as a $1.58 billion public company.

The Puljichs only bought into the Byron Shire in 2022 when they paid $22 million for the property known as Hercules. Apart from a lick of paint, a spruced-up garden and new furniture, no major improvements have been made to the 10-bedroom, nine-bathroom estate which sits on more than five hectares of immaculately kept grounds.

But the asking price is a discount from when they first listed the luxury acreage in 2023 with expectations of $35 million, which at the time would have meant it had risen in value by $1 million every month since they bought it.

The couple have enlisted Amir Mian, Colleen Brunt and Oliver Hallock of Amir Prestige Byron Bay to help sell the property this time around. It was previously listed in February through a different agency with a guide of $27.5 million to $30 million.

Mian told this masthead that the Puljichs intended to make the manor their full-time home when they purchased it. However, their kids are now grown and they are simply not using it enough.

The listing comprises a main five-bedroom residence, a two-storey health studio with gym, steam room and additional accommodation, a training centre with offices and a meeting room.

There is also a tennis court, infinity-edge pool, walking tracks and observation decks that allow for views over the Pacific Ocean, Broken Head and Cape Byron Lighthouse.