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Westralia Plaza is one of three CBD office towers ICWA is selling.

Is there a message in property sales?

It’s not easy finding a connection between a big Australian cattle company, an American business that makes jet engines, and the Western Australian government’s insurance arm, but if you look closely they’re all doing something at the same time – selling property.

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Assets under management or net assets ($m)

1st-GESB$21,000.0m
2nd↑PeetNFP
3rd-Insurance Commission of WA$4,500.0m
4th-WA Super$2,162.0m
5th-BWP Trust$1,837.0m
54 fund managers ranked by assets under management or net assets

Total revenue

6th-Western Australian Treasury Corporation$1.54bn
7th-Lotterywest$885.2m
8th-Insurance Commission of WA$686.7m
9th-Horizon Power$492.5m
10th↑Pilbara Ports Authority$422.6m
29 state government businesses ranked by total revenue - this year

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