19 Sep 2016

Urbis congratulates the Victorian State Government and the Lonsdale Consortium on the successful negotiation of a $9.7 billion lease for the Port of Melbourne.

The 50-year lease will see the commercial operations of Australia’s largest container and cargo port being taken over by the consortium, which is comprised of the Future Fund, QIC, GIP and OMERS.

Urbis provided the Consortium with property and strategic planning advice.

Director of Planning Michael Barlow believes that the lease will ensure the ongoing success of the Port of Melbourne as Australia’s principal port.

“It is a great result for the state, and I’m delighted that we were able to play a part in the Consortium’s success,” he said.

The Victorian Government has indicated that proceeds from the Port of Melbourne’s lease will be made available for infrastructure projects and programs that will benefit the agriculture sector, including transport, irrigation, and energy projects, as well as skills development programs and market access campaigns.

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