ISPT celebrates 20 years
The Industry Superannuation Property Trust (now known as ISPT) was established on 28 June 1994 with the aim of offering industry superannuation funds exposure to direct property in their portfolios starting at or near the bottom of the cycle.
In 1994 the vision was:
– if the industry funds operated as a collective they would be capable of greater returns than operating alone
– to be a new entrant and change the way in which direct property was managed, from a fee and a cost point of view
– to ensure that the investors who invested in the fund actually had control of the fund
– to abide by the values of an industry fund.
Daryl Browning, CEO said: “over our 20 year history we have stayed true to the original vision and I am delighted that we have consistently delivered investment returns for our investors and ultimately their members, working Australians. ISPT has grown our capabilities and our business to reach over $9.7 billion in funds under management.”
The history of ISPT can be viewed via this link.