Queensland_Investment_Corporation

Queensland Investment Corporation

Queensland Investment Corporation

Investment company of the state of Queensland, Australia

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]

Quick Facts Company type, Founded ...

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. [1]
    Queensland Investment Corporation Act 1991 Queensland Government
  2. [2]
    "QIC". www.qic.com.au. Retrieved 25 February 2020.
  3. [3]
    QIC enters joint venture with Forest City to acquire US real estate portfolio Queensland Investment Corporation 4 June 2013
  4. [4]
    Australia's QIC forms $2bn joint venture with Forest City IPE Real Estate 6 June 2013
  5. [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. [6]
    Australian Retail Assets Queensland Investment Corporation
  7. [7]
    US Retail Assets Queensland Investment Corporation
  8. [8]
    Office Assets Queensland Investment Corporation
  9. [9]
    Direct Investments Queensland Investment Corporation
  10. [10]
    "Home". bathurstcitycentre.com.au.
  11. [11]
    "Home". castletowers.com.au.
  12. [12]
    Royal Schiphol Group acquires a stake in Hobart International Airport Schiphol Group 1 October 2019
  13. [13]
    QIC takes 80% stake in North Australian Pastoral Co Beef Central 6 May 2016
  14. [14]
    "North Western Roads". QIC. Retrieved 2 November 2020.
  15. [15]
    Port of Melbourne lease sold to the Lonsdale consortium for $9.7 billion by Andrews Government ABC News 19 September 2016
  16. [16]
    Trad, Jackie (12 December 2019). "Palaszczuk Government to establish Queensland Future Fund". statements.qld.gov.au. Government of Queensland. Retrieved 20 November 2021.
  17. [17]
    Queensland taxpayers to get 7pc on $200m Virgin play Australian Financial Review 5 October 2020
  18. [18]
    McKeown, Renee (18 November 2021). "QIC to Develop Brisbane's Cross River Rail Precincts". www.theurbandeveloper.com. The Urban Developer.com. Retrieved 20 November 2021.
Share this article:

This article uses material from the Wikipedia article Queensland_Investment_Corporation, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.