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Seven Group CEO … At one point he offered to buy Raelene a house, but she replied, "I don't want your money. Kerry Stokes plans $500,000 extension to his Darling Point trophy home Glanworth Lucy Macken Aug 3, 2018 Media titan Kerry Stokes is set to start his next big project – a $544,000 extension on his historic Darling Point trophy home Glanworth. Fairfax had owned the landmark harbour residence since 1966, and from the late 1920s it was owned by another art benefactor, Samuel Henry Ervin, who died in 1977 and bequeathed his estate to the National Trust.Set at the promontory of Darling Point, it was originally known as “Youbri” when it was built in 1915-16 by American expat Peter Britz and so named as an abbreviation of his surname and that of his wife Vera Young.However, in the absence of any other local objections the Heather Buttrose Associates additions to the Antebellum-style residence have been approved by Woollahra Council’s Application Assessment Panel, after the initial DA was withdrawn at the last minute earlier this year for minor amendments.In the rarefied trophy home market where water views – and Harbour Bridge views in particular – are potentially worth tens of millions of dollars to a property’s value, such DAs rarely go uncontested by the neighbours.Media titan Kerry Stokes is set to start his next big project – a $544,000 extension on his historic Darling Point trophy home Glanworth.Mr Allen’s objections to the new study, lift, terrace and pergola at the rear of the property coincide with his own home sale plans, with an off-market campaign with several agents and hopes of $70 million touted by sources.Neither Mr Stokes nor Mr Allen would comment for this story.The DA approval process was not without its detractors, with next door neighbour and yachtsman Matt Allen lodging a formal objection to the plans on the grounds it would “cause unreasonable loss of views of the Sydney Harbour Bridge”.Mr Allen bought the property in 2013 for $32 million from the late industrialist William Tyree, and has since undertaken his own home renovations, which in turn prompted objections from Mr Stokes. Lucy Macken, Feb 25, 2017 Ryan Stokes and his new wife Claire Campbell have bought their matrimonial home on the quiet, paying $16 million for a Darling Point property down the road from his media mogul dad Kerry Stokes. Ryan's father is Seven West boss Kerry Stokes, who has a reported fortune of $3.93 billion Their first child will be welcomed into a very ritzy home, with … Media titan Kerry Stokes is set to start his next big project – a $544,000 extension on his historic Darling Point trophy home Glanworth. PHOTO: Waterfront blocks in Darling Point are some of the pricest in the country.