Queensland Investment Corporation

QIC (Queensland Investment Corporation) is a Government owned investment company owned by the Queensland Government. It was founded on 1 July 1991 pursuant to the Queensland Investment Corporation Act 1991 to serve the long-term investment responsibilities of the Queensland Government.[1] As of 30 September 2008, the organisation converted from a statutory Government owned corporation (GOC) to a company GOC and was renamed QIC Limited (QIC). QIC has now grown into a leading long-term specialist manager in alternatives.[2]

Queensland Investment Corporation
Government owned corporation
Founded1 July 1991
Headquarters
Brisbane
$88.3 million (June 2016)
OwnerQueensland Government
Websitewww.qic.com.au

Assets

QIC has investments in both Australia and the United States. Most of its shopping mall investments are through a 49% shareholding in a joint venture with Forest City Enterprises.[3][4] In 2017, QIC reached an agreement to buy Forest City's interest in six of FC's eleven mall investments and an option to buy four others, excluding Charleston Town Center Mall in Charleston, WV. Forest City's US shopping centre management operation would also transfer to QIC.[5]

Amongst its investments are shareholdings in:[6][7][8][9]

References
  1. Queensland Investment Corporation Act 1991 Queensland Government
  2. "QIC". www.qic.com.au. Retrieved 25 February 2020.
  3. QIC enters joint venture with Forest City to acquire US real estate portfolio Queensland Investment Corporation 4 June 2013
  4. Australia's QIC forms $2bn joint venture with Forest City IPE Real Estate 6 June 2013
  5. Minaya, Ezequiel, "Forest City to Exit Shopping-Center Business in Latest Deals" (subscription required), Wall Street Journal, October 2, 2017. Retrieved 2017-10-02.
  6. Australian Retail Assets Queensland Investment Corporation
  7. US Retail Assets Queensland Investment Corporation
  8. Office Assets Queensland Investment Corporation
  9. Direct Investments Queensland Investment Corporation
  10. https://www.bathurstcitycentre.com.au/
  11. https://www.castletowers.com.au
  12. Royal Schiphol Group acquires a stake in Hobart International Airport Schiphol Group 1 October 2019
  13. QIC takes 80% stake in North Australian Pastoral Co Beef Central 6 May 2016
  14. Port of Melbourne lease sold to the Lonsdale consortium for $9.7 billion by Andrews Government ABC News 19 September 2016
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