L.J. Colquhoun Dixon director Andrew Dixon confirmed last night that a sale had been completed.

“All I can say it’s to an undisclosed buyer for an undisclosed price,” Mr Dixon said.

The Border Mail reported exclusively on May 28 that a WHK consortium was set to buy Mate’s from Proton Developments, after the building and adjoining car parks had been passed in at $13 million at auction the previous October.

The chartered accountants had been seeking investors to join the consortium with minimum investments of $100,000.

Proton Developments director Steve Siperki could not be contacted last night about the company’s intentions about developing its two car parks straddling Volt Lane, between Mate’s and Target.

This site has city development consent for two-storey shops built over Volt Lane.

Proton is owned by Steve and Daniel Siperki and Tom and Chris Pateras, who spent several millions dollars ugrading the heritage-listed retail building.

Last year Proton succeeded in leasing all the ground floor and basement and by October was earning $1.3 million a year in rent from Trade Secret, JB Hi-Fi and five other tenants, but upstairs remains vacant.