Fresh from shutting down his start-up incubator hubs, Little Tokyo Two founder Jock Fairweather will now be looking for a new place to call home

The $2.9m two-level penthouse of the Brisbane entrepreneur behind the failed Little Tokyo Two enterprise has hit the market. It sits atop one of Brisbane’s most historic buildings. TAKE A LOOK INSIDE

The Brisbane CBD penthouse where Little Tokyo Two’s Jock Fairweather lives Photo: Supplied

NEW HOME

Fresh from shutting down his start-up incubator hubs, Jock Fairweather will now be looking for a new place to call home.

The Brisbane entrepreneur, who announced this week he’ll be liquidating his failed Little Tokyo Two enterprise, currently resides in the two-level penthouse atop the historic MacArthur Chambers building in the CBD.

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The lavishly-appointed four-bedroom property, which is owned by his mother, Dr Jane Thomason, has just come on the market with an asking price of “offers over $2.95 million’’.

Little Tokyo Two founder Jock Fairweather.

Records show Thomason, a globetrotting cheerleader for that blockchain technology nobody really understands, bought the two separate units for…wait for it…$2.95 million in 2016.

Fairweather’s mum played a key role in financially backing his Little Tokyo Two operation, which launched in 2014 and had five venues in Brisbane and the Gold Coast.

Inside the penthouse

Indeed, one of her investment companies shelled out $1.86 million that year for the Mein Street commercial building in Spring Hill where the co-working space business first got going.

That property has been on the market for sale or lease since October.

We had no luck yesterday contacting Thomason, who describes herself on LinkedIn as a “frontier technology social impact thought leader-entrepreneur’’.

The view

But we did manage to come across a fascinating profile of her in Forbes late last year which detailed a teen-aged Fairweather’s “otherworldly fascinations with video gaming and crazy new technologies’’.

The piece notes that Thomason “dates her introduction to the wacky world of blockchain back to 2010, when the price of bitcoin hovered around 10 cents and she was devoting her spare time to getting her son off of the computer and away from time-sink hobbies like World of Warcraft and goofing around in obscure corners of the internet.

Inside the penthouse

“That dynamic began to change when he told her about cryptocurrency.’’

QUESTIONS LINGER

As noted earlier, Fairweather, now 29, revealed in an email to followers this week that he would be winding up Little Tokyo Two.

But, as of late yesterday, corporate records showed that no liquidator had yet been appointed to the company.

Questions also remain over his next undertaking, a mentoring business dubbed Two Ventures.

Fairweather has teamed up with struck-off chemist-turned-lawyer Stephen Arulogun, who launched Brisbane-based PEF Capital two years ago.

The kitchen.

City Beat spies alerted us to the astonishing fact that the company doesn’t hold an Australian Financial Services License and nor does it work now as an authorised representative of a licensee.

An ASIC spin doctor confirmed yesterday that PEF acted on behalf of Global Mercer Funds Management from March 5, 2018, to January 29 this year but that PEF “does not currently hold a financial services authorisation’’.

The company has previously promoted something known as the “PEF Long Short Equities Derivative Fund’’ and helped infant products company Mizzie The Kangaroo raise seed capital.

Arulogun started the business after spending six months of an 18-month sentence behind bars in 2012. He had pleaded guilty to multiple charges, including possession of dangerous drugs, and later breached conditions upon his release.

Neither Fairweather nor Arulogun returned calls seeking comment yesterday.

TREK JITTERS

Dr Chris Jeffery spent 10 year in the military and once ran a marathon around his air base in Afghanistan.

But the Brisbane bizoid, who heads up fast-growing Field Orthopaedics, heads off next Tuesday to hike the Kokoda Track with about 20 comrades and he’s feeling a bit edgy.

“It’s a big commitment to do this. I’m completely out of my comfort zone,’’ Jeffery told us this week.

The group, which will finish in Port Moresby on Anzac Day, hopes to raise more than $100,000 for ACT for Kids, which assists abused and neglected young people.

Upon his return, Jeffery will return his focus to the American and European roll outs of the Field micro-screw, the world’s smallest such device to treat bone fractures.