Queensland Investment Corporation (QIC), the government-backed funds manager, has launched an equity raise to expand its Everyday Retail Fund from A$526 million to A$1.5 billion ($346 million to $985 million) over three years, according to media outlets.
The fund focuses on convenience and community shopping centers anchored by essential retailers, with backing from CEFC, Prime Super, and other investors. Its seed portfolio includes six centers across Queensland and Sydney. QIC is also targeting net-zero carbon emissions by 2028 and recently agreed to sell the Hyperdome complex in Loganholme for nearly $700 million.
