Media release: Clayton Utz advises QIC on its strategic investment in ModnPods

The investment is aimed at accelerating residential construction and supporting the growing demand for scalable modular housing solutions across Queensland to address housing supply issues.

ModnPods is an existing portfolio company of QIC's Queensland Business Investment Fund. The investment by QIC, which involved the conversion of convertible notes, occurred as part of a broader investment in ModnPods by leading national construction contractor McNab. Shareholders in ModnPods now include McNab, ModnPods founder John Christie, ModnPods broader leadership team, and the Arc31 family office of Cathie Reid AM and Stuart Giles.

Following the investment, ModnPods will continue to manufacture its established range of modular homes which includes single-storey dwellings, duplexes, and terrace housing, while also developing new medium-rise modular solutions for social and affordable housing, build-to-rent, and residential projects.

The Clayton Utz team was led by Corporate partner Stephanie Daveson and special counsel Lisa Tolhurst.

Ms Daveson said it was a pleasure to assist QIC on this transaction.

QIC's investment in ModnPods aligns with their commitment to support local businesses who provide meaningful impact. The partnership aims to industrialise housing delivery and drive productivity reform in the construction sector, strengthening Queensland's housing supply,