QIC (Queensland Investment Corporation) is a Government owned

investment company An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under the ...

owned by the

Queensland Government The Queensland Government is the democratic administrative authority of the Australian state of Queensland. The Government of Queensland, a parliamentary constitutional monarchy was formed in 1859 as prescribed in its Constitution, as amended ...

. 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. As of 30 September 2008, the organisation converted from a statutory

Government owned corporation A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the governmen ...

(GOC) to a company GOC and was renamed QIC Limited (QIC). QIC has now grown into a leading long-term specialist manager in alternatives.

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 A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

with

Forest City Enterprises Forest City Realty Trust, Inc. was a real estate investment trust that invested in office buildings, shopping centers and apartments in Boston, Chicago, Dallas, Denver, Los Angeles, Philadelphia, and the greater metropolitan areas of New York Ci ...

. 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. Amongst its investments are shareholdings in:

Australian retail

* Bathurst City Shopping Centre * Canberra Centre * Castle Mall *

Castle Towers Castle Towers Shopping Centre is a shopping centre in Castle Hill, New South Wales, Australia. The shopping complex is owned by the Queensland Investment Corporation. It has a net leasable area of approximately 112,000 square metres, making it ...

* Domain Central *

Eastland Shopping Centre Eastland Shopping Centre is a super-regional Shopping center, shopping centre located in the eastern Melbourne suburb of Ringwood, Victoria, Ringwood, Victoria (Australia), Victoria, Australia, which first opened on 31 October 1967. It is ad ...

* Grand Central Shopping Centre * Logan Hyperdome *

Noosa Civic Noosa Civic is a shopping centre located in Noosa on the Sunshine Coast, Queensland, Australia. Major stores include Woolworths and Big W and the centre includes over 8,000 square metres of specialty retail stores. The development commenced con ...

* Robina Town Centre * Watergardens Town Centre * Pacific Werribee * Pacific Epping * Westfield Coomera *

Westpoint Blacktown Westpoint Blacktown is a large shopping centre situated in Blacktown, Western Sydney, New South Wales, owned by Queensland Investment Corporation. It was first opened in 1973, and then renovated and expanded in 2006, making it one of the biggest ...

* Hinkler Central

United States retail

* Antelope Valley Mall * Ballston Common Mall * Galleria at Sunset * Ridge Hill Mall * Shops at Wiregrass *

Short Pump Town Center Short Pump Town Center is an open-air shopping mall located in the Short Pump census-designated place (CDP) of unincorporated Henrico County, Virginia on West Broad Street ( U.S. Route 250), approximately west of I-64, exit 178A/B. This area of ...

South Bay Galleria South Bay Galleria, formerly named Galleria at South Bay, is a shopping mall located in Redondo Beach, California, United States. It is anchored by Macy's, Kohl's, Target, Q, Wonder of Dinosaurs, and a 16-screen AMC Theatres multiplex. It also inc ...

* The Mall at Robinson * The Promenade In Temecula * The Shops at Tanforan * Victoria Gardens * Westchester's Ridge Hill

Office buildings

* Nauru House,

Melbourne Melbourne ( ; Boonwurrung/Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a metr ...

* 111 George Street,

Brisbane Brisbane ( ) is the capital and most populous city of the Australian state of Queensland, and the third-most populous city in Australia and Oceania, with a population of approximately 2.6 million. Brisbane lies at the centre of the Sou ...

* 91 Mary Street,

Other

Brisbane Airport Brisbane Airport is the primary international airport serving Brisbane and South East Queensland. The airport services 31 airlines flying to 50 domestic and 29 international destinations, in total amounting to more than 22.7 million pass ...

(25%) * Hobart Airport (35%) * North Australian Pastoral Company (80%) * Port of Brisbane (27%) *

Port of Melbourne The Port of Melbourne is the largest port for containerised and general cargo in Australia. It is located in Melbourne, Victoria, and covers an area at the mouth of the Yarra River, downstream of Bolte Bridge, which is at the head of Port Phil ...

Port of Melbourne lease sold to the Lonsdale consortium for $9.7 billion by Andrews Government
''

ABC News ABC News is the journalism, news division of the American broadcast network American Broadcasting Company, ABC. Its flagship program is the daily evening newscast ''ABC World News Tonight, ABC World News Tonight with David Muir''; other progra ...

'' 19 September 2016 * Powerco (58%) *

Thames Water Thames Water Utilities Ltd, known as Thames Water, is a large private utility company responsible for the public water supply and waste water treatment in most of Greater London, Luton, the Thames Valley, Surrey, Gloucestershire, north Wiltshi ...

(9%) * Powering Australian Renewables Fund (PARF) (40%) *

Westlink M7 The Westlink M7 or M7 Motorway, formerly Western Sydney Orbital, is a tolled urban motorway in Sydney and is a part of the Sydney Orbital Network. Owned by the NorthWestern Roads (NWR) Group, it connects three motorways: M5 South-West Motor ...

(25%) * NorthConnex (25%) *Queensland Future Fund *above ground development of Cross River Rail stations

References

{{Reflist Government-owned companies of Queensland Investment companies of Australia Australian companies established in 1991