Netwealth billionaire Matthew Heine behind super fast $20m McGann, McConnell Toorak sale

A billionaire business co-founder has emerged as the buyer of the $20m+ sale of renowned Melbourne chef Andrew McConnell and partner Jo McGann’s Toorak home.

The Toorak mansion’s many living spaces look out to garden areas.

A billionaire businessman has been revealed as the buyer of Melbourne restaurateurs Andrew McConnell and Joanna McGann’s $20m-plus Toorak mansion.

The pair are the driving force behind eatery empire Trader and Co, with venues from Supernormal, the Builders Arms Hotel, Cumulus Inc and Gimlet all part of their stable.

They listed their Struan St, Toorak, residence with a $20m-$22m asking price shortly after buying the nearby Toorak mansion of Melbourne richlist family member Karen Liberman, originally designed by celebrated architect Robin Boyd.

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Australian Stock Exchange listed funds group Netwealth’s co-founder Matthew Heine has been linked to the striking art deco home sold in October after his wife Alexandra placed a caveat over the property this month.

Restaurateur Andrew McConnell scored a speedy sale of his Toorak mansion, selling to a billionaire businessman. Picture: Rebecca Michael

The property changed hands very quickly, after the Cumulus chef bought a home nearby in Toorak.

Mr Heine is the son of Michael Heine, who co-founded the firm with him.

The Toorak sale brokered by Marshall White’s Marcus Chiminello and Nicole French is understood to have been one of the fastest deals locked in for the high-end suburb this year.

A curvaceous Art Deco facade helps make a striking first impression.

The home’s garden spaces include plenty of space ro relax or entertain in the great outdoors.

At the time of the exchange top end buyer’s advocate David Morrell likened it to being “faster than a minute in a microwave”.

The property’s prior owner was former Australia Post boss Ahmed Fahour, with McGann and McConnell paying him $14.2m for it in 2018.

With a pool, impressive garden surrounds and a curving entrance that exemplifies Art Deco style, the home had been renovated prior to sale.

Parquet flooring adds a touch of class throughout much of the home’s ground level.

One of the Toorak mansion’s many living spaces.

Its three-storey floorplan includes multiple living zones on the ground level, four bedrooms upstairs, and a basement with a guest suite, four-car garage, home cinema and a billiards room.

It sold for an undisclosed sum on October 18.

Mr Chiminello and Ms French have not commented on the sale.

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Originally published as Netwealth billionaire Matthew Heine behind super fast $20m McGann, McConnell Toorak sale