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City of Brisbane Investment Corporation
Purpose-driven, high-performing Urban Wealth Fund for the city of Brisbane. | As Brisbane’s Urban Wealth Fund, CBIC delivers long-term investment growth that...
City of Brisbane Investment Corporation
Purpose-driven, high-performing Urban Wealth Fund for the city of Brisbane. | As Brisbane’s Urban Wealth Fund, CBIC delivers long-term investment growth that helps to fund the city’s future amenity needs – unlocking the potential of existing assets and delivering strong, sustainable, and socially responsible investments for the city and beyond.
General information
Firm type
Government / Public Body
Year founded
2008
Location
Region
Oceania
Country
Australia
City
Brisbane
Corporate office
Brisbane, QLD, Australia
Principals
Simone Desmarchelier
Chair
Lachlan Dyson
Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at City of Brisbane Investment Corporation?
Investment decisions are overseen by CEO Lachlan Dyson and the board, chaired by Simone Desmarchelier. The board operates independently of the Brisbane City Council administration, though the Lord Mayor, currently Adrian Schrinner, acts as a key stakeholder. Major acquisitions and disposals typically require alignment with the council's long-term asset management strategy.
How is CBIC related to the Brisbane City Council?
CBIC is a wholly-owned subsidiary of the Brisbane City Council, established as a separate legal entity to manage the council's commercial property holdings. It operates at arm's length with its own board and management, returning profits to the council as dividends that help fund public services and reduce pressure on rates.
What does the City of Brisbane Investment Corporation actually own?
The portfolio is primarily Australian commercial, industrial, and residential property. Public record identifies assets including the North Regional Business Centre in Chermside, Queensland; an industrial facility at 20 Tradecoast Drive, Eagle Farm; 33 Allara Street, an office building in Canberra; and a growing portfolio of Specialist Disability Accommodation across Brisbane suburbs like East Brisbane and Everton Park.
Does CBIC invest outside of real estate?
Yes, the corporation runs a solar energy program that installs and operates photovoltaic systems on Brisbane City Council-owned buildings. It also participates in sustainability initiatives through the Green Building Council of Australia and administers the Green Future Fund, which targets urban greening and carbon-reduction projects.
Does the firm take on external co-investors or manage third-party capital?
No. CBIC exists solely to manage the Brisbane City Council's transferred assets and retained capital. It does not operate as a fund manager for external investors and does not raise third-party discretionary funds. Its balance sheet is the city's own commercial property portfolio.
How are dividends from CBIC used by the council?
Dividends flow back into Brisbane City Council's consolidated budget. The council channels these returns into general revenue, offsetting operational costs and reducing the reliance on ratepayer levies for community services, parks, and local infrastructure projects.
What is the Green Future Fund?
The Green Future Fund is CBIC's philanthropic and environmental investment arm, focused on urban greening, carbon offset projects, and sustainability-linked assets. It operates alongside the commercial portfolio but targets positive environmental externalities across Brisbane.
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