Mr Latimore and Mr Quinn’s apartments were both sold by Place Kangaroo Point’s Simon and Courtney Caulfield, who are behind five of the six highest apartment sales in Brisbane.
Mining entrepreneur and M Resources founder Matt Latimore and his wife Jen have quietly brought their Queensland luxury property spend to about $45.5 million following the recent addition of a $9 million Kangaroo Point luxury apartment.
The off-market penthouse purchase adds to the Latimores’ Queensland trophy haul, which includes a designer Sunshine Beach oceanfront bought for $14.25 million in 2021, followed by a $19.6 million Noosa Heads waterfront the following year.
The couple also owns a contemporary home on an acreage at The Gap in north-west Brisbane purchased for $2.6 million in 2015.
A former Wesfarmers coal salesman, Mr Latimore’s wealth was estimated at $450 million last year, partly through his role as one of the world’s largest marketers and traders of metallurgical coal, along with stakes in Stanmore Resources and Bowen Coking Coal. In late 2022, Aurizon sold One Rail’s coal haulage business for $425 million to a joint venture involving Mr Latimore.
Mr Latimore’s M Resources, along with Indonesia’s Golden Energy and Resources, is also poised to take a majority stake in South32’s Illawarra coal mines, following a successful $2.54 billion bid in February this year.
Now the Ferrari-collecting father of six has taken the keys to his latest acquisition: a Kangaroo Point penthouse in the recently completed Thornton Residences by Brisbane developer JGL Properties.
Interior finishes include oak herringbone floors and Noceto Striato natural stone, while the north-facing balcony with Story Bridge views comes with an automated dropdown bar, a champagne drawer and a Vintec wine fridge.
Deal maker Tony Quinn’s Brisbane record.
Former Financial Review Rich Lister motor racing enthusiast and entrepreneur Tony Quinn has completed his relocation to Brisbane from Sanctuary Cove on the Gold Coast, having emerged as the buyer of an $8.03 million Brisbane penthouse.
Mr Quinn is half of the Quinn duo that turned around Australian chocolate maker Darrell Lea and helped create a $1 billion pet food maker, VIP Petfoods. The Quinns sold VIP to Quadrant Private Equity for $410 million in 2015.
Mr Quinn’s penthouse purchase clocks the highest apartment sale in Brisbane’s CBD, topping the $8 million paid by Therese Rein and her husband, former prime minister Kevin Rudd for their five-bedroom, seven-bathroom luxury penthouse atop Admiralty Quays in 2016.
Mr Quinn bought the penthouse in the Abian Residences complex on Alice Street from Philip St Baker, son of Queensland energy billionaire Trevor St Baker. Mr St Baker had purchased the property from Sunland developer Sahba Abedian and his wife Nava.
Spanning 324 square metres, the penthouse has 270-degree panoramas over the Brisbane River featuring Story Bridge, Kangaroo Point Cliffs and beyond to Moreton Bay islands. Luxury features include laser-cut Italian travertine tiled floors, Calacatta stone accents, lighting by Giorgetti, a media room and a gourmet kitchen with commercial-grade Ziptap.
Along with 24-hour concierge, the apartment building has a day spa featuring a Turkish hammam, a gym, a steam room, a sauna and a cold plunge pool, as well as a 20-metre swimming pool.
Mr Quinn’s Brisbane move follows the May sale of his Sanctuary Cove mega-mansion for $19.7 million through selling agent Matt Gates of Ray White Sanctuary Cove. Mr Quinn had paid $17.7 million for the lavish waterfront – complete with 20-car basement and commercial lift – in late 2021.
While Mr Quinn’s purchase clocks a new CBD record, the Brisbane apartment record sits with a New Farm penthouse in the Argyle building that sold to Peter and Christine Taylor for $16.52 million. Before that, lawyer Howard Stack paid $14.25 million in 2009 for a penthouse in Mirvac’s Pier South development in the riverside suburb of Newstead.
The record could be reset this year, however, depending on whether a recent mega-penthouse listing atop the Riparian Plaza skyscraper finds a deep-pocketed buyer. That listing, owned by Collection House co-founder John Pearce, is expected to challenge Brisbane’s overall price record which stands at $20.5 million.
Mr Latimore and Mr Quinn’s apartments were both sold by Place Kangaroo Point’s Simon and Courtney Caulfield, who are behind five of the six highest apartment sales in Brisbane.
Author: Financial Review