20 September 2021
LGIAsuper has put its hand-up to help Queensland reach its full potential as host for the 2032 Olympic and Paralympic Games.
As a Queensland-based super fund, LGIAsuper is committed to investing in regions where its members live and work.
"This is a fantastic opportunity for Brisbane and Queensland," said Kate Farrar, LGIAsuper’s CEO. "The Olympics will transform the city and surrounding region, raising its profile as an international destination. Major infrastructure investment will be essential to building this success.
"There are plenty of opportunities for investment ahead of the 2032 Olympic and Paralympic Games, including in transport and accommodation infrastructure," Ms Farrar said.
"We are looking to invest in infrastructure that can be used long after 2032 and will continue to generate returns for our members.
"Projects we hope to be part of will be similar to our past investments such as the Commonwealth Games accommodation on the Gold Coast, which has now been repurposed as a mixed-use residential facility within the Gold Coast Health and Knowledge Precinct," she said.
Following LGIAsuper’s merger with Energy Super in July 2021, Ms Farrar said the super fund was now well-placed to increase its investment into the energy sector.
"As demonstrated in the Rio Games in 2016¹, the Olympics can result in massive increases to the host city’s carbon footprint but with Japan committed to 100 per cent renewable electricity at the 2021 Olympics and Paris set to host in 2024, it is likely green energy will become the standard for hosting the games," Ms Farrar said.
"Now that we have merged with Energy Super, we are poised to make the most of this opportunity with the energy sector."
Ms Farrar said she expects to see further returns from the fund’s existing local investments, now that the Olympics is coming to Brisbane.
"We topped up our holdings in the Sunshine Coast Airport last year, and so when domestic and international borders open up again, we’ll see increased returns for this project," she said.
"By 2032, I expect to see the Sunshine Coast Airport and the Gold Coast Light Rail expansion working as key assets to the Olympic games, transporting tourists and visitors and easing the burden on Brisbane and Gold Coast airports."
For further information about LGIAsuper’s investment program and range of options, you can refer to our Investment choice guide, which is available online for different types of account on our PDS and guides page.
LGIAsuper members can receive financial advice² on their investment options. Limited advice on a single topic is available at no additional cost. More comprehensive financial advice is also available, and fees vary depending on the type and complexity of advice.
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