Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised Aurizon Holdings on the sale of its 33% equity stake in the proposed Moorebank Intermodal Terminal.

Aurizon has sold its holding to Qube Holdings, which currently has a 67% stake, for a value of A$98.9 million. Aurizon and Qube had initially formed the Sydney Intermodal Terminal Alliance (SIMTA) to develop the Moorebank terminal in south western Sydney, Australia.

The Corrs team advising Aurizon was led by Corporate Partner Stephanie Daveson, supported by Aidan Lavin, Senior Associate.

Corrs has a longstanding relationship with Aurizon, and advised the company on itsjoint venture arrangements with Qube for the Moorebank project in 2015.

The sale of Aurizon’s investment in the Moorebank project follows Aurizon’s securing of a 10-year lease at the nearby Enfield Intermodal Logistics Centre (ILC) owned by NSW Ports, which fulfils Aurizon’s current customer, capacity and operational needs.

Corrs lead partner Stephanie Daveson said, “We are delighted to have worked with Aurizon on the joint venture arrangements and subsequent divestment of this project, and look forward to continuing to support the company into the future.”


This publication is introductory in nature. Its content is current at the date of publication. It does not constitute legal advice and should not be relied upon as such. You should always obtain legal advice based on your specific circumstances before taking any action relating to matters covered by this publication. Some information may have been obtained from external sources, and we cannot guarantee the accuracy or currency of any such information.