The Lonsdale Consortium – led by QIC, Borealis and Global Infrastructure Partners – engaged Urbis for property and strategic planning advice on its bid to purchase the $9.7 billion, 50-year lease of the Port of Melbourne from the Victorian State Government.
The 50-year lease sees the Consortium take over the commercial operations of Australia’s largest container and cargo port, ensuring its ongoing success.
Our ability to bring together transactions, valuations and strategic planning advice provided the Lonsdale Consortium with a unique offer. We supported them from the initial expression of interest phase through to the final binding bid phase.
Our advice included detailed lease and tenancy analysis; market rental assessment and forecasting; outgoings and holding cost forecast and analysis; master plan sensitivities and implications; and strategic planning advice of proposed zones, available uses and surrounding environment implications.
Playing our part in the successful $9.7 billion acquisition was a proud and satisfying moment for Urbis.