From an office in Budapest, Michael and Anne Tippin are on the hunt for architectural gems worthy of renovation
(Source: Toronto Star)
Is there more to life than collecting the rents pouring out of a $1 billion-plus portfolio of historic properties-turned-Class A office space in downtown Toronto?
Or having enough money to live in the city’s fashionable Rosedale and Yorkville neighbourhoods, or to take a year off to luxuriate in Miami’s impossibly trendy South Beach?
Does anything, in Toronto real estate terms, top the ownership of that celebrated city landmark, the postcard-worthy Flatiron Building? Okay, possibly the CN Tower, but it isn’t for sale.
Two years ago, Michael Tippin and his wife and business partner Anne, both 39 at the time, decided the answer to those questions was yes. After 15 years of assembling their iconic Toronto portfolio with global investors, it was time to break their predictable routine and start over – this time in central and Eastern Europe, or CEE.
Read Albert Warson’s full ariticle “Eastern Promise” in the Toronto Star (April 6, 2009).