Private, for profit interests are continuing to move in on land registries

Private, for profit interests are continuing to move in on land registries. Macquarie Infrastructure and Real Assets is putting in a bid for Victoria’s land titles registry, along with NSW's land registry contractor First State Super. “It'll be interesting to see how quickly bidders move on to Western Australia,” says the Australian Financial Review, “which is the next state on the land titles privatization program. WA recently rejected a proposal to sell its land titles registry but will run an auction to commercialize its automated online platform Advara. UBS, Flagstaff Partners and Minter Ellison are running Victoria's auction. RBC Capital Markets is advising the First State consortium, while Macquarie Capital and Credit Suisse are working for MIRA and its partners.”