Blumenthal’s $50m mansion at heart of lender suit

Sydney’s prestige property market is not for the faint-hearted. Luckily, Adam Blumenthal has never been that.

Last year, we noted the colourful former stockbroker’s booming Sydney property portfolio, as well as his tapping of non-bank lender Millbrook Group for his mortgages. Millbrook was even then primarily known for financing the pubs empire of Jon Adgemis, so clearly it has a soft spot for on-the-make Sydney money-men.