We remain true to our founding principles that we are a fund run only to benefit our Investors’ members. This belief underpins our existence and is as important today as it was 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.

Our quality assets, property acumen, strong balance sheet and access to capital have achieved tangible investment returns for our Investors for more than 20 years.

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 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