NEW YORK and COLUMBUS; October 16, 2017 – QIC, a global diversified alternative investment firm, recently marked the fifth anniversary of CampusParc, which operates all aspects of The Ohio State University’s parking system. Formed by QIC Global Infrastructure in 2012 through a 50-year lease, known as a parking concession, CampusParc operates one of the largest university parking systems in the U.S., with 16 garages, 196 lots and more than 36,000 spaces, and is the only campus-wide parking concession in the U.S.
QIC Global Infrastructure is a long-term infrastructure investor with an established global platform, an active management approach and a proven track record over more than a decade. With a global team of 38, including in New York, QIC Global Infrastructure manages $7.4 billion across 12 global direct investments and has realized a further $5.4 billion of investments for its clients.
Ross Israel, Head of QIC Global Infrastructure, said, “The milestones that CampusParc has achieved are testament to our collaborative approach to managing the parking system to serve the best interests of all of its stakeholders. We are proud to be building the long-term value of this asset, working closely with the CampusParc management team, LAZ Parking, and The Ohio State University to deliver the best possible experience for customers and create enduring benefits for the university and its community.”
CampusParc focuses on investing in major capital improvements and integrating new technologies into its facilities to deliver a high-quality customer experience, act on its responsibility to the environment and build community. To that end, over the past five years, CampusParc has:
Sarah Blouch, President & CEO of CampusParc, said, “Our focus, working side by side with QIC, our operator LAZ Parking, and the university, is to operate an effective, flexible parking system that is highly responsive to our customers. We are pleased with our achievements to date and will build on our progress to ensure that we continue to meet the parking needs of the 100,000 individuals that come to campus every day.
“Beyond our attention to customer service and the environment, we partner with the Ohio State community on projects of importance to all of us, actively seeking opportunities for faculty and university departments to use our parking facilities as learning labs. As just one example, we are currently working with an Engineering professor and his students to explore how advances in reinforced concrete construction can mitigate the impact of increased freeze/thaw cycles related to climate change.”
As a result of the parking concession, the university received a one-time, up-front payment of $483 million. The university has invested the proceeds into its endowment to support student scholarships, faculty positions, improvements to the Arts District and its Campus Area Bus Service. (Details are available at innovativefunding.osu.edu.)
QIC is a global diversified alternative investment firm offering infrastructure, real estate, private equity, liquid strategies and multi-asset investments. It is one of the largest institutional investment managers in Australia, with A$82.0 billion (US$62.9/£48.4 billion) in funds under management, offering infrastructure, real estate, private equity, liquid strategies and multi-asset investment services. QIC has over 700 employees and serves more than 110 clients including governments, pension plans, sovereign wealth funds and insurers, spanning Australia, Europe, Asia, Middle East and the US. Headquartered in Brisbane, Australia, QIC also has offices in New York, San Francisco, Los Angeles, London, Sydney, and Melbourne. For more information, please visit: www.qic.com.
About QIC Global Infrastructure:
QIC is a long-term infrastructure investor with an established global platform. We currently manage A$9.7 billion (US$7.4 billion/£5.7 billion) across 12 global direct investments, having realised a further A$7.0 billion (US$5.4 billion/£4.1 billion) of investments for our clients. Our sector centric investment strategy deconstructs risk across sector value chains identifying relative value for investment. This drives a targeted origination approach, which has seen us build diversified portfolios for our clients, protecting their capital while delivering strong total returns since 2006.
CampusParc is responsible for the operation of The Ohio State University’s parking system, including management of the permit system, parking enforcement, customer service, motorist assistance, event parking management, and parking facility maintenance, including major renovations. The parking system, one of the largest of its kind, is comprised of 5 million square feet and 13,000 spaces within 16 garages, and 7 million square feet and 23,591 spaces within 196 surface lots, for a total of 36,591 system spaces.
CNG Consulting LLC
QIC Limited ACN 130 539 123 (“QIC”) is a wholesale funds manager and its products and services are not directly available to, and this document may not be provided to any, retail clients. QIC is a company government owned corporation constituted under the Queensland Investment Corporation Act 1991 (Qld). QIC is regulated by State Government legislation pertaining to government owned corporations in addition to the Corporations Act 2001 (Cth) (“Corporations Act”). QIC does not hold an Australian financial services (“AFS”) licence and certain provisions (including the financial product disclosure provisions) of the Corporations Act do not apply to QIC. QIC Private Capital Pty Ltd (“QPC”), a wholly owned subsidiary of QIC, has been issued with an AFS licence and other wholly owned subsidiaries of QIC are authorised representatives of QPC. QIC’s subsidiaries are required to comply with the Corporations Act. QIC also has wholly owned subsidiaries authorised, registered or licensed by the United Kingdom Financial Conduct Authority (“FCA”), the United States Securities and Exchange Commission (“SEC”) and the Korean Financial Services Commission.
For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.
The statements and any opinions in this document (the “Information”) are for commentary purposes only and do not take into account any investor’s personal, financial or tax objectives, situation or needs. The Information is not intended to constitute personal legal or investment advice and it does not constitute, and should not be construed as, an offer to sell or solicitation of an offer to buy, securities or any other investment, investment management or advisory services. Past performance is not a reliable indicator of future performance.