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 th ...

owned by the

Queensland Government The Queensland Government is the state government of Queensland, Australia, a Parliament, parliamentary constitutional monarchy. Government is formed by the party or coalition that has gained a majority in the Queensland Legislative Assembly, ...

. 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 (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. 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 * Domain Central * Eastland Shopping Centre * Grand Central Shopping Centre *Hinkler Central * Logan Hyperdome * Noosa Civic * Pacific Epping * Pacific Werribee * Robina Town Centre * Watergardens Town Centre * Westfield Coomera * Westpoint Blacktown sold in January 2025

United States retail

* Antelope Valley Mall * Ballston Common Mall * Galleria at Sunset * Ridge Hill Mall * Shops at Wiregrass * Short Pump Town Center * South Bay Galleria * 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 language, Boonwurrung/ or ) is the List of Australian capital cities, capital and List of cities in Australia by population, most populous city of the States and territories of Australia, Australian state of Victori ...

* 111 George Street,

Brisbane Brisbane ( ; ) is the List of Australian capital cities, capital and largest city of the States and territories of Australia, state of Queensland and the list of cities in Australia by population, third-most populous city in Australia, with a ...

* 91 Mary Street,

Other

* Brisbane Airport (25%) * Hobart Airport (35%) * North Australian Pastoral Company (80%) * NorthConnex (25%) * 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, Australia, Victoria, and covers an area at the mouth of the Yarra River, downstream of Bolte Bridge, which is at th ...

* Powerco (58%) * Powering Australian Renewables Fund (PARF) (40%) * Thames Water (9%) * Queensland Future Fund * Virgin Australia Holdings (2%)Queensland taxpayers to get 7pc on $200m Virgin play
'' Australian Financial Review'' 5 October 2020 * Westlink M7 (25%) *above ground development of Cross River Rail stations

References

{{Reflist Government-owned companies of Queensland Investment companies of Australia Sovereign wealth funds Australian companies established in 1991 Government agencies of Queensland Government departments of Queensland State government finances in Australia Economy of Queensland