Front Porch
  • News
    • Current News
    • Most Views/Comments
      • Most Comments
      • Most Recent Comments
      • Most Views
    • Editors’ Favorites
    • Resource Guides
    • Central Park Articles
    • PDF Archives
    • Advanced Search
  • Events
    • Upcoming Events
    • Ongoing Events
    • Submit an Event
  • Business Directory
    • Please consider these businesses for your goods and services. They make the paper possible.
  • Display Ads
    • Why Advertise in the Front Porch?
    • Ad Rates and Sizes
    • Advertising Q&A
    • Sample Ads
    • Distribution Map
    • How Can We Help You?
    • Place An Ad
  • Web Ads
  • Ask Front Porch
  • More Info
    • Rack Locations
    • Content Submissions
    • About Us
    • Community Resources
  • Home/
  • Shops at Northfield Sold to Australian Firm

Shops at Northfield Sold to Australian Firm

November 1, 2017 / Carol Roberts / Announcements, Business, North Central Park Business, Northfield Business / No Comments

The Shops at Northfield has been sold to Queensland Investment Corporation (QIC), a large investment company owned by the Queensland, Australia government. In response to a Front Porch email inquiry about their plans for the shopping center, Steven Leigh, Managing Director of QIC Global Real Estate, replied, “…we take an active approach to managing our properties to provide a vibrant destination offering lifestyle, entertainment and dining experiences, in addition to fantastic retail. Our guiding philosophy centers on creating places at the heart of their communities, and we look forward to becoming part of the community in Northeast Denver.”

The two companies have had a partnership since 2013 and expect a smooth transition. Northfield, with 1.1 million square feet, is part of a $3.18 billion deal—a 10-mall purchase of Forest City’s share in the malls.

A Forest City press release states that The Shops at Northfield Stapleton is the first mall to close as part of the larger QIC transaction. Sales of five additional malls to QIC are expected to close by year end.

QIC is one of the largest institutional investment managers in Australia, with $62.9 billion in funds under management, over 700 employees and 110 clients in multiple countries.

Share this:

  • Click to email a link to a friend (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Leave a Reply Cancel reply

Advanced Search
Facebook Pagelike Widget
© 2018 Front Porch NE | 303-526-1969 | Denver, CO 80238 | FrontPorch@FrontPorchNE.com | Sitemap