More than $300 million of the $1.67 billion in payments for the sale of Qube’s freight hub in south-western Sydney will be deferred while the logistics group builds the first stage of an interstate rail terminal, which will take at least another year, and gets planning approvals.

Qube said it would “prudently manage” the risks associated with the deferred payments after signing a final deal to sell most of its interests in the Moorebank freight hub (apart from rail links) to the LOGOS property group consortium, which includes AustralianSuper.