At financial close of the transaction, the Commonwealth and Qube contributed the freehold land parcels that form the Moorebank precinct, including land required for biodiversity offsets, by way of 99-year leases into a jointly unit trust, (known as Moorebank Precinct Land Trust).

Based on the relative proportions of developable land contributed, MIC owns 65 per cent of Moorebank Precinct Land Trust (by way of units held by its subsidiary, MIC Land Trust), and Qube owns 35 per cent of Moorebank Precinct Land Trust (by way of units held by its vehicle, Moorebank Industrial Investment Trust). MIC has the controlling interest in Moorebank Precinct Land Trust.

The Security Holders Agreement between MIC Land Trust, Moorebank Industrial Investment Trust and Moorebank Precinct Land Trust governs the rights and obligations of ownership of units and shares in Moorebank Precinct Land Trust. Moorebank Precinct Land Trust’s role is primarily to grant licences and leases and receive revenue by means of ground rent.