KordaMentha KordaMentha is an Australian advisory and investment firm that provides specialist forensic, real estate, turnaround / restructuring and investment management services. The business was formed in April 2002 by Mark Korda and Mark Mentha. Located at
Level 24, 333 Collins Street, Victoria, Australia.
Phone: +61 3 8623 3333

Queensland Motorways announced as acquirer of CLEM7 Tunnel

Queensland Motorways and KordaMentha, the receiver for the CLEM7 Tunnel, today announced they have reached an agreement that will see Queensland Motorways acquire Brisbane’s CLEM7 Tunnel for $618 million1.

The 6.8km tolled motorway links major Brisbane roads, including the Pacific Motorway, Ipswich Road, Lutwyche Road, Inner City Bypass, AirportlinkM7 and Shafston Avenue at Kangaroo Point. 

 

KordaMentha receivers, Martin Madden and Cassandra Mathews, confirmed an agreement has been reached with Queensland Motorways.

 

Martin Madden said: “KordaMentha and Goldman Sachs conducted a thorough sale process and we are pleased with the competitive response from the market”.

 

Queensland Motorways and KordaMentha will now commence a consent process with the Brisbane City Council. Completion of the sale process is expected to take place within the next three to four months.

 

 

 

1Includes taxes.


ENDS

 

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