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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$27.30bn
3rd-Insurance Commission of WA$5.30bn
6th-FES Superannuation Fund$706.0m
7th-Packer & Co$2.00bn
43 fund managers ranked by assets under management or net assets

Total revenue

5th-Western Power$1.77bn
6th-Western Australian Treasury Corporation$1.63bn
7th↑Insurance Commission of WA$1.50bn
8th↓Lotterywest$1.05bn
9th-Horizon Power$559.9m
29 state government businesses ranked by total revenue - this year