We remain true to the founding principles that underpin our operation, which are as valid today as they were at inception. ISPT has undertaken a broad range of activities within property investment management and development, expanding in scope, size and value as internal capabilities increased.

We encourage you to view our story.

  • FY1994
    • ISPT is established with the aim of offering industry superannuation funds exposure to direct property in their portfolios starting at or near the bottom of the cycle
  • FY1995
    • The first acquisition is made, an office building in Chatswood, NSW
    • ISPT enters into a joint venture with ColesMyer
  • FY1996
    • Heads of agreement is signed to purchase 75% share of three Kmart Plaza’s in Queensland
  • FY1997
    • Government and major corporations selling down property portfolios, an opportunity for ISPT
  • FY1998
    • A second fund, ISPT No. 2 is set up following the purchase of four NAB buildings, including 500 Bourke St, Melbourne
  • FY1999
    • Bulk purchase by public tender of four offices from the Commonwealth Government, including Casselden in Melbourne
    • The ISPT Way is developed, a clearly defined and easily understood investment decision making and monitoring process
  • FY2000
    • Investment management and administration is brought in-house
  • FY2004
    • Industry Superannuation Development Trust (The Urban Development) is set up as a special purpose trust to own and develop the office tower at 50 Lonsdale St, Melbourne
  • FY2005
    • The ISPT Core Fund is formed through the stapling of ISPT No. 1 and ISPT No. 2
    • ISPT Grosvenor International Property Trust is created and $336M raised from investors
  • FY2006
    • ISPT No. 3, a development and opportunity fund, is created and $130M raised from investors
    • ISPT's largest development to date, the Urban workshop at 50 Lonsdale St, is completed and delivers good returns
  • FY2007
    • ISPT No. 3 is renamed Development and Opportunities Fund No. 1 (DOF No. 1) and the first capital is committed
  • FY2008
    • Development and Opportunities Fund No. 2 (DOF No. 2) is established
  • FY2010
    • Progressive exit from the ISPT Grosvenor International Property Trust, the Trust did not deliver targeted returns
    • Tactical sale of $500m of non-core assets, part of the ISPT Core Fund strategy to transition to better quality assets
  • FY2011
    • The ISPT Core Fund acquires 25% of Westfield Doncaster Shopping Centre
  • FY2012
    • The ISPT Core Fund makes two major acquisitions, 50% interest in the Myer Centre, Brisbane and a 25% interest in a premium office development at ANZ Tower and Liberty Place, Sydney
  • FY2013
    • ISPT Retail Australia Property Trust is created and $500M raised from investors
    • ISPT enters into a strategic joint venture with Coles Property Development Group
  • FY2014
    • The ISPT Core Fund acquires a 50% interest in five shopping centres with Federation Centres
    • DOF2 completed 1,300 inner city apartments in Melbourne and Sydney
    • ISPT Core Fund acquired a 50% interest in the office development at 1 William St, Brisbane
  • FY2015
    • ISPT undertakes residential mandates for AustralianSuper and HOSTPLUS
    • 50 Lonsdale Street re-secured the Victoria State Government for an additional 10 year lease
    • Melbourne's GPO was transformed with the opening of Australia’s flagship H&M
  • FY2016
    • The ISPT Core Fund acquired a 50% interest in World Square Shopping Centre, Sydney
    • IRAPT acquired The Well Shopping Centre, Camberwell VIC
    • Retail at the Queen Street Mall, Brisbane changed with H&M and UniQlo opening at 170 Queen Street and Zara at 155 Queen Street
  • FY2017
    • The value of the ISPT Core Fund exceeds $10 billion
    • IRAPT doubles in size since 2013 and value exceeds $1 billion