Queensland seeking advisory firms as ports sell off nears

Queensland seeking advisory firms as ports sell off nears
Queensland seeking advisory firms as ports sell off nears

The Queensland Treasury Corporation has sought advisory firms to apply for roles in the privatisations of five state assets that include the Port of Gladstone and the Port of Townsville.

It is currently seeking lead and commercial advisers for each long-term lease transaction.

Applications are due on 6 August following the government decision to reduce the state’s debt.

The privatisation progress is subject to the results at the next state election in March.

Meanwhile, the Victorian government is looking at its Port of Melbourne sale.

NSW has offloaded its port leaseholds at Botany and Newcastle in recent years. 

The Australian Financial Review speculated the ports at Gladstone and Townsville could be worth more than $5 billion.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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