Qube Holdings (ASX:QUB) said it has sold its interest in a 202-hectare parcel of land at Beveridge in Victoria to C Capital, an APAC asset manager, and following settlement, has received AU$111 million, according to a Thursday Australian bourse filing.

The company said the sale will generate a pre-tax profit of about AU$100 million, which will be reflected in fiscal year 2026 accounts and will be treated as non-underlying profit given its non-recurring nature and large quantum.

"While the sale of our interest means Qube will not be an investor in the development of the Precinct, it does not preclude Qube from being a user in the future and we continue to support the expansion of Australia's freight infrastructure to support economic growth, reduce road congestion and contribute to the task of reducing emissions in the transport sector," said Managing Director Paul Digney.