QIC Town Centre Fund (QTCF) & QIC Property Fund (QPF)Real Estate Investment Fund
Member of Green Building Council of Australia
1,028,816 m2 total floor area
75,874 tCO2e current Annual Portfolio Carbon Emissions
QIC Real Estate (QICRE) is a specialist division of QIC, which, since its creation in 1991 by the Queensland Government, has grown into one of the world’s leading diversified alternate investment firms. With a portfolio QSCF/QPF fund comprising of more than 9 mixed-use retail real estate assets in Australia , QICRE has a proven track record of comprehensive development and asset management capabilities. Focused on transforming strategically located properties into mixed-use community hubs that power local economies and support vibrant neighbourhoods. QICRE envisions, invests in and manages precincts where people feel proud to live, work and play. By responsibly investing, holding and developing assets over generational horizons, QICRE is able to design, execute and deliver town centres that evolve alongside their growing communities and extend far beyond traditional retail. QICRE seeks to reflect the values and aspirations of the communities they serve, with a firm goal of weaving assets into the fabric of their communities, seamlessly integrating retail, entertainment and leisure opportunities for people to enjoy. QICRE crafts value-add strategies based on propriety, ethnographic and econometric research, and always in alignment with its environmental, social and governance principles.
Commit to achieving net zero operational carbon emissions for core managed portfolio by 2028, maximising reduction of embodied carbon in new developments and major renovations, compensating for any residual upfront embodied carbon emissions by 2030.
Annually measure and publicly disclose energy consumption and whole life carbon emissions, as appropriate, through third party assured reporting.
Develop and implement a decarbonisation roadmap that includes improving existing asset performance via energy efficiency measures to reduce energy demand (consumption) and by maximising onsite renewable energy generation. Assess and consider upfront carbon emissions for new developments and major renovations where applicable to inform actions to achieve maximum reduction of embodied carbon, compensating for any remaining residual upfront embodied emissions.
Publicly report and verify energy consumption and emissions data, including whole life carbon emissions where appropriate, against targets using relevant third party certification and verification schemes.
Demonstrate leadership through core business activities and advocate for the wider update of net zero carbon buildings in the industry through engaging clients and supply chain.