Oswal

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<p>The new owner of Peppermint Grove’s Taj-on-Swan superblock has emerged as businessman John Gillett.</p>
<p>He plans to build a family home to share with his family, The Weekend West reported after the $17 million acquisition.</p>
<p>Mr Gillett is a former Moran Health Care executive who sold WA aged care provider Craigcare last year in a deal worth $50 million to $100 million. </p>
<p>The Nedlands-based businessman bought the business in 2003 for a reported $25 million from the Pix family.</p>
<p>The business was sold to Bain Capital coming with about 900 beds across seven aged care and retirement homes in WA and Victoria.</p>
<p>The Bayview Avenue block, which had a $30 million price tag <a href="/news/taj-on-the-swan-set-for-auction-in-ailing-perth-market">two years ago</a>, failed to sell at auction last month.</p>
<p>It was passed in <a href="/news/taj-on-swan-auction-stops-with-15-6-million-offer">at $15.6 million.</a></p>
<p>Speaking publicly about his purchase for the first time, Mr Gillett told The West as a private person he had “naively” hoped to avoid attention.</p>
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John Gillett emerges Peppermint Grove’s Taj-on-Swan super block

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<p>Taj on Swan, Perth's notorious building block, has gone under offer following last weekend's auction where the bidding stopped at $15.6 million, with the negotiations apparently getting nearer $17 million.</p>
<p>The abandoned Peppermint Grove home building block of flamboyant billionaire tycoons, Pankaj and Radhika Oswal, listed through Ray White agent Vivien Yap inconjuction with Sotheby's agent Graham Bowie, cost $22.7 million in 2007 when bought from property developer Warren Anderson. </p>
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<div>Marketed as "the most famous block in Australia" the <a id="LPlnk998012" href="https://www.realestate.com.au/property-residential+land-wa-peppermint+grove-202042586" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">2 Bay View Road site</a> had $30 million hopes two years ago.</div>
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<div>The mansion with Swan River views sat unfinished after the Oswals quit Australia in 2010 amid a dispute with bankers about the wind up and sale of their fertiliser business.</div>
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<div>The Oswal family had controlled WA's $700 million Burrup Fertilisers gas-processing plant</div>
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<div>The Oswals paid $22.7 million in 2007 then starting construction a year later on a "two-storey, Indian-infused luxury residence." </div>
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Taj on Swan sold at Peppermint Grove

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<p>With the Oswal's $70 million partially built Peppermint Grove mansion, dubbed 'Taj on Swan' by locals, demolished, Perth agents Vivien Yap of LJ Hooker and William Porteous have been appointed by the Oswals to sell the 6,600sqm lot.</p>
<p>It is said to be worth around $30 million. The property is for sale by expression of interest.</p>
<p>The incompleted house was the subject of a long-running battle between the owners and the council after it was abandoned when the Oswals left Australia in December 2010. </p>
<p>The original plans for the palatial home included seven domes, a temple, a gym and swimming pool.</p>
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