David Droga, founder of Droga5, Accenture Song CEO and AdNews' Hall of Fame inductee, has reportedly snapped up Lang Syne, a 100-year-old oceanfront bungalow in Sydney's Tamarama, for around $45 million.
The Australian adman currently lives in New York City and has not yet revealed his plans for the property.
According to the Financial Review, Droga bought the 1100 sqm home - which occupies the entire headland black between Mackenzies Bay and Tamarama Beach - after the property was on the market for seven months.
While the exact sale price remains unknown, the property was listed with a $47 million to $52 million guide and it is understood to be sold at the lower end of that guide.
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