QIC Could Purchase 50% of Queensland’s Property Portfolio

In Australia, the government of Queensland has fifteen real estate properties worth around A$ 2 billion. The state government is looking to sell some properties. The Queensland Investment Corporation (QIC) seems to be a likely buyer of 50% of the state’s real estate portfolio through a newly created fund.

Some properties include:

  • 111 George Street
  • 33 Charlotte Street
  • 80 George Street
  • Mineral House at 41 George Street
  • Neville Bonner Building at 75 William Street

Increasingly, institutional investors are allocating money towards Australian retail and office properties, including redevelopment projects.

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