The Property Industry Foundation in Queensland (PIF) will hold the inaugural ‘Brisbane Sailing Cup for Charity’ on October 10 to raise funds for a new home for young homeless people in Brisbane. PIF’s latest charity initiative aims to raise over $30,000 for building a PIF House designed to provide a safe environment for homeless young people under the care of the well-respected Brisbane charity, Youth Emergency Services (YES).

The prestigious event will be held at the Royal Queensland Yacht Squadron (RQYS). Hutchinson Builders and Cornerstone Properties are the Event Partners for the 2014 event.

PIF Queensland Chairman Liz Pidgeon said that the Brisbane Sailing Cup for Charity has already received a strong response from the property industry. A fleet of around 30 yachts will be racing on the day with members of the RQYS already locking in their yachts to host property and construction industry teams.

High profile corporate entrants in the event include Hutchinson Builders, Cornerstone Properties, Broad Construction, Property Council & Conrad Gargett, Gray Puksand, Kane Constructions, Leighton Properties, McGees Property, Savills Project Management, Stockland, The GPT Group, Urbis and Wright Property.

The day will conclude with a fun post-race Polynesian Luau Party, which will give all guests the chance to come together and network as well as enjoy the live entertainment and awards ceremony.

Since its inception in 2013, PIF Queensland has attracted 33 Corporate Donors who have formed proactive committees that have already gifted funds to several Queensland children's charities. Key accomplishments include establishing a community leadership program, which has held a Workabee for the Salvation Army and Youth Emergency Services as well as completing the first inaugural building project in Windsor for YES.

Since its formation in 1996, PIF has raised over $20 million net for more than 20 different youth charity programs across Australia.