QIC (Queensland Investment Corporation) is a

Government owned State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public owners ...

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 t ...

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 f ...

. 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 acces ...

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 *

Logan Hyperdome Logan Hyperdome Shopping Centre in Shailer Park, Queensland, is the largest shopping centre in Logan City, Queensland, Logan City and one of the largest single storey shopping centres in Australia. The Queensland Police Service operates a poli ...

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 const ...

Robina Town Centre Robina Town Centre is the second largest shopping center on the Gold Coast, Australia after the recently redeveloped Pacific Fair, covering in the suburb of Robina, with seven anchor tenants and over 400 retail outlets covering over . Hi ...

Watergardens Town Centre Watergardens Town Centre is a super regional shopping centre located in Taylors Lakes, 24 kilometres north-west of Melbourne, Victoria. It opened in 1997, and is owned by the Queensland Investment Corporation. History The site was purchased by ...

Pacific Werribee Pacific Werribee (formerly known as Werribee Plaza) is a major regional shopping centre located in the suburb of Hoppers Crossing, approximately south-west of the Melbourne Central Business District (CBD) in Victoria, Australia. On 3 February ...

Pacific Epping Pacific Epping is a shopping centre in Epping, Victoria, a suburb of Melbourne, Australia. It opened in May 1996. It is located on the corner of High Street and Cooper Street, away from Epping railway station, Melbourne, and approximately nort ...

Westfield Coomera Westfield Coomera is a shopping centre in the Gold Coast suburb of Coomera in Queensland, Australia. It is located adjacent to the Coomera railway station and 500 metres from the Pacific Motorway that connects Coomera with the southern suburb ...

* Westpoint Blacktown *

Hinkler Central The Division of Hinkler is an Australian Electoral Division in Queensland. Geography Since 1984, federal electoral division boundaries in Australia have been determined at redistributions by a redistribution committee appointed by the Australi ...

United States retail

* Antelope Valley Mall *

Ballston Common Mall Ballston Quarter, formerly known as Ballston Common Mall, originally opened as Parkington Shopping Center, was one of the first major suburban shopping centers in the Washington, D.C., area. It opened in 1951 and was the nation's first shopping ce ...

Galleria at Sunset Galleria at Sunset (informally referred to as Galleria Mall) is an indoor shopping mall at 1300 West Sunset Road in Henderson, Nevada. It is owned by Forest City Enterprises and Queensland Investment Corporation, and managed by Forest City. Plans ...

Ridge Hill Mall Ridge Hill, formerly known as Westchester's Ridge Hill is a mixed-use lifestyle center located between Interstate 87 and the Sprain Brook Parkway in Yonkers, New York. With its grand opening in 2011, Ridge Hill features a variety of retail store ...

Shops at Wiregrass The Shops at Wiregrass is an open-air lifestyle center in Wesley Chapel, Pasco County, Florida. In addition to free parking lots, valet parking, and a parking structure, there are streetside parking spaces at meters along its central street, Pas ...

* Short Pump Town Center * South Bay Galleria *

The Mall at Robinson The Mall at Robinson is a super-regional shopping mall located just off the Parkway West (I-376) and PA Route 60 in Robinson Township, Allegheny County, Pennsylvania, five minutes east of the Pittsburgh International Airport and 15 minutes fr ...

* The Promenade In Temecula * The Shops at Tanforan * Victoria Gardens *

Westchester's Ridge Hill Ridge Hill, formerly known as Westchester's Ridge Hill is a mixed-use lifestyle center located between Interstate 87 and the Sprain Brook Parkway in Yonkers, New York. With its grand opening in 2011, Ridge Hill features a variety of retail stor ...

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 metro ...

* 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 South ...

* 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 passe ...

(25%) * Hobart Airport (35%) *

North Australian Pastoral Company The North Australian Pastoral Company (NAPCO) is a large, privately owned, Australian cattle company which operates 13 cattle stations (as well as the Wainui farm and feedlot) covering over 60,000 km2, managing about 200,000 cattle, in Que ...

(80%) *

Port of Brisbane Port of Brisbane is the shipping port and coastal suburb of the City of Brisbane, on the east coast of Queensland, Australia. In the , Port of Brisbane had no residents living in the suburb. The port is the largest in the state of Queensland. ...

(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 Ph ...

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

ABC News ABC News is the news division of the American broadcast network ABC. Its flagship program is the daily evening newscast '' ABC World News Tonight with David Muir''; other programs include morning news-talk show '' Good Morning America'', '' ...

'' 19 September 2016 *

Powerco Powerco is the second-largest gas and largest electricity distributor in New Zealand. It is one of only two companies to distribute both electricity and natural gas through their network (the other being Vector Limited). Its network delivers el ...

(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 Wiltshir ...

(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 Motorwa ...

(25%) *

NorthConnex NorthConnex is a twin-tube motorway tunnel in northern Sydney, New South Wales, Australia, opened on 31 October 2020. It acts as a tunnel bypass of the congested Pennant Hills Road, connecting the M1 Pacific Motorway to the M2 Hills Motorway. ...

(25%) *Queensland Future Fund *above ground development of

Cross River Rail Cross River Rail is an underground railway project through central Brisbane, which is, , under construction. Cross River Rail will see the development of a new rail line underneath Brisbane River, and the redevelopment of a number of stations ...

stations

References

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