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Queensland Investment Corporation

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

The Queensland Investment Corporation (QIC) 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.[1]

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.[2][3]

Amongst its investments are shareholdings in:[4][5][6][7]

References

  1. ^ Queensland Investment Corporation Act 1991 Queensland Government
  2. ^ QIC enters joint venture with Forest City to acquire US real estate portfolio Queensland Investment Corporation 4 June 2013
  3. ^ Australia's QIC forms $2bn joint venture with Forest City IPE Real Estate 6 June 2013
  4. ^ Australian Retail Assets Queensland Investment Corporation
  5. ^ US Retail Assets Queensland Investment Corporation
  6. ^ Office Assets Queensland Investment Corporation
  7. ^ Direct Investments Queensland Investment Corporation
  8. ^ QIC takes 80% stake in North Australian Pastoral Co Beef Central 6 May 2016
  9. ^ Port of Melbourne lease sold to the Lonsdale consortium for $9.7 billion by Andrews Government ABC News 19 September 2016