Don Meij, managing director and the chief executive officer of Domino’s Pizza Enterprises, has quietly sold his Brisbane, Australia, home for A$11 million (US$8.54 million) amid stock trading troubles.
While the sale has yet to appear in public records, the brokers who handled the off-market deal announced over the weekend that the home on Sutherland Avenue, Ascot, an affluent suburb of Brisbane, the capital of and most populous city in the state of Queensland, was sold and that the sales price of A$11 million set a new record for the area. Mansion Global could not independently confirm that the sale was a record.
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“Houses like Sutherland Avenue rarely come on the market, so it was an honour to facilitate that landmark sale,” Patrick McKinnon, principal of Coronis Hamilton said in a news release. He and Andrew Coronis, managing director of his eponymous brokerage, handled the transaction.
An email request sent to the Australia-based brokerage wasn’t immediately returned.
Property records show that Mr. Meij, 49, who led Domino’s to become Australia’s first publicly-listed pizza chain in 2005, purchased the Hamptons-style home for A$8.6 million (US$6.68 million) in 2015.
Mr. Meij’s home beat the previous Ascot record, set in February 2015 when a home was sold for A$10.4 million (US$8.08 million). It also marked the sixth most expensive sale across Brisbane, according to Mr. Coronis.
Built in 1930 on approximately half an acre, the home has six bedrooms, six bathrooms and a four-car garage. The property has undergone a multi-million-dollar renovation in recent years to keep up with contemporary living comforts, according to Mr. Coronis.
Mr. Meij and Domino’s are reportedly under investigation by the Australian Securities Exchange regarding the timing of his stock trading. He was suspected of selling shares during the same trading session when the company bought its own shares, which the company denied.
“The Company reiterates that it has not bought shares under the share buy-back program at the same times at which Mr. Meij was selling shares,” Domino’s said in a public statement on Feb. 22, according to the Australian Financial Review.
An email request for comment sent to the company wasn’t immediately answered.
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