[1] As of 30 September 2008, the organisation converted from a statutory Government owned corporation (GOC) to a company GOC and was renamed QIC Limited (QIC).
QIC has now grown into a leading long-term specialist manager in alternatives.
Most of its shopping mall investments are through a 49% shareholding in a joint venture with Forest City Enterprises.
[3][4] In 2017, QIC reached an agreement to buy Forest City's interest in six of FC's eleven mall investments and an option to buy four others, excluding Charleston Town Center Mall in Charleston, WV.
Forest City's US shopping centre management operation would also transfer to QIC.