Brisbane house prices: M2P Engineering mining equipment boss Adam Beswick, 40, pays $20.5m for the Queensland capital city’s most expensive home, Amity House in New Farm

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Adam Beswick, the 40-year-old managing director of M2P Engineering, has emerged as the buyer of the landmark riverfront estate.

The mystery buyer of Brisbane’s most expensive home, landmark riverfront estate Amity House, has emerged asThe Brisbane record was raised to $20.5 million when the historic abode sold in April. But updated settlement documents have only just revealed the mining industry entrepreneur is behind the sale.Mr Beswick bought Amity from the outgoing vendors, Brisbane architectin an off-market deal handled by Ray White Collective’s Matt Lancashire. Mr Lancashire could not be reached for comment.

Amity House was kept in the Welsby family until the 1950s, when it was sold to sugar refinery CSR Ltd. In the 1980s, the Commonwealth government bought the property as the state’s principal naval residence, connected to the HMAS Moreton.Dempsey and his wife bought the riverfront in 1997 and converted it back into a family home. The couple had also previously sought approval to construct a six-storey apartment block in Amity House’s backyard, but the proposal was rejected in 2008.

 

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