VicTrack, VIC
VicTrack is a government rail agency that owns Victoria’s railway land and infrastructure. Its aim is to support and improve public transport and other government services by maintaining rail assets under its control, providing essential telecommunication services and managing railway property. VicTrack has both a strong commercial focus and a commitment to non-profit-making activities that benefit local communities and the environment. Revenue from property and other commercial activities is used to fund its operations and projects worth around $50 million each year for the benefit of the Victorian community. In carrying out its mission, VicTrack works closely with rail franchisees, local government, community groups and other stakeholders allowing it to contribute to the delivery of State Government policy objectives and provide social and environmental benefits for the Victorian community.
The VicTrack portfolio is one of the largest owned portfolios in Victoria with some 2,000 leases and licences under management. The portfolio is diverse and includes a mix of leased land and premises, residential land and premises, tenancy land and premises, telecommunications and leases. Brookfield Multiplex Services provides Real Estate Management services to the greater Melbourne and Geelong metropolitan region, which includes some 529 leases and licences.