QIC Global Real Estate, which has a global portfolio of about $8.6 billion, says exposure to different property markets and countries remains its core investment strategy.
“The group continues to actively monitor the domestic and international property markets with a view of securing suitable long-term investments,” said Robert Carter, managing director of QIC Global Real Estate, in an email to I&T News.
“Our focus is on investment return,” he said. “We have an acquisition mandate but maintain a disciplined approach to identify the best opportunities.”
QIC’s investments in property include shopping centres in Queensland, New South Wales, Victoria and the Australian Capital Territory.
Its investments in office property include 50 per cent stakes in MLC Centre and 52 Martin Place, both in Sydney. Carter declined to comment on speculation he was seeking to sell QIC’s stakes in the properties.
QIC has invested in wholesale property vehicles in the Asia, Europe and the U.S. It has a 50 per cent stake in a shopping centre near Birmingham, England.