Infrastructure investor Q Port Holdings (QPH) has taken a 99-year lease on the port of Brisbane, which is transferring out of public ownership.

QPH, which is a consortium of Global Infrastructure Partners, Industry Funds Management, QIC Global Infrastructure and Tawreed Investments, will take over the lease at the end of the month.

QPH said it would work closely with the Queensland government and Port of Brisbane to complete the transaction and ensure a smooth transition from public to private management.

It added: "QPH is committed to the long-term development of the port of Brisbane and retaining environmental management and protection as one of its priorities."

It pointed out that it had experience in operating other ports as consortium members had investments in eight countries, including Argentina, the UK and Spain.