{"id":3863,"date":"2013-09-27T14:31:00","date_gmt":"2013-09-27T13:31:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/coastlink\/2013\/09\/27\/ifm-in-brisbane-bid\/"},"modified":"2026-08-27T15:35:38","modified_gmt":"2026-08-27T14:35:38","slug":"ifm-in-brisbane-bid","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/coastlink\/2013\/09\/27\/ifm-in-brisbane-bid\/","title":{"rendered":"IFM in Brisbane bid"},"content":{"rendered":"<p>It is understood that by buying the stake, it would double IFM\u2019s shareholding in the port to 53.4%.<\/p>\n<p>Apparently, IFM Global Infrastructure Partners and fund manager, QIC, bought their 26.7% stakes in the Port of Brisbane for around AUS$575m in 2010.<\/p>\n<p>The Queensland government sold a 99-year lease in the port, which now has 29 operating berths with more than 7200m of quay line, and upriver facilities for AUS$2.3bn in 2010.<\/p>\n<p>IFM is said to have already made an offer, but told <em>Port Strategy<\/em> it is not commenting on the matter.<\/p>\n<p>Canada\u2019s Borealis Infrastructure is also thought to have made a bid.<\/p>\n<p>If Global Infrastructure receives the expected AUS$900m for its take in the port, the total value of the asset is said to be AUS$3.37bn, around a 47% increase over its sale price three years ago.<\/p>\n<p>Investing in Australia\u2019s third largest container port would add to the company\u2019s existing investments in ports, airports, renewable energy, and social infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industry Funds Management (IFM) is looking to take control of the Port of Brisbane by buying Global Infrastructure Partners\u2019 stake in the port in a deal worth AUS$900m, local media reports.<\/p>\n","protected":false},"author":8,"featured_media":3864,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26],"tags":[],"sponsor":[],"class_list":["post-3863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oceania"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/3863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/comments?post=3863"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/3863\/revisions"}],"predecessor-version":[{"id":3865,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/3863\/revisions\/3865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media\/3864"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media?parent=3863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/categories?post=3863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/tags?post=3863"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/sponsor?post=3863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}