ISPT is a different kind of property owner. While we might be in the business of property, it’s our commitment to growth for people, places and communities that really drives us. We were founded in 1994 to invest in property for the industry superannuation funds, and we exist for the sole benefit of these funds and their members. We’ve expanded in scope, size and value but our founding principles remain. This is our story.

 

  • FY1994
    • ISPT was established to offer industry superannuation funds exposure to direct property in their portfolios
  • FY1995
    • We made our first acquisition - an office building in Chatswood, NSW - and entered into a joint venture with ColesMyer
  • FY1996
    • ISPT signed a Heads of agreement to purchase a 75% share in three Kmart Plazas in Queensland
  • FY1998
    • A second fund, ISPT No. 2 was set up following the purchase of four NAB buildings, including 500 Bourke Street, Melbourne
  • FY1999
    • ISPT purchased by public tender 4 offices from the Commonwealth Government, including Casselden in Melbourne
  • FY2000
    • We brought investment management in-house, used our scale to flatten costs and implemented a diversification strategy
  • FY2004
    • ISPT 50 Lonsdale Street Property Trust was set up as a special purpose trust to own and develop the tower at 50 Lonsdale Street, Melbourne
  • FY2005
    • The ISPT Core Fund was formed through the stapling of ISPT No. 1 and ISPT No. 2
    • We developed One National Circuit for the Department of the Prime Minister and Cabinet in Canberra
  • FY2006
    • ISPT No. 3, a development and opportunity fund, was created and $130M raised from investors
    • ISPT's largest development to date, 50 Lonsdale Street, was completed and delivers good returns
  • FY2007
    • Development & Opportunities Fund No. 1 (DOF1) was established to achieve opportunistic returns from investment in residential property development activities
  • FY2008
    • Development and Opportunities Fund No. 2 (DOF No. 2) was established
  • FY2011
    • The ISPT Core Fund acquires 25% of Westfield Doncaster Shopping Centre, VIC
  • FY2012
    • The ISPT Core Fund acquired a 50% interest in the Myer Centre, Brisbane and a 25% interest in ANZ Tower and Liberty Place, Sydney
  • FY2013
    • ISPT Retail Australia Property Trust (IRAPT) was created and $500M raised from investors
    • ISPT entered into a strategic joint venture with Coles Property Development Group
  • FY2014
    • The ISPT Core Fund acquired 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 Street, Brisbane
  • FY2015
    • ISPT established residential mandates for AustralianSuper and HOSTPLUS
    • We secured the Victoria State Government for an additional 10 year lease at 50 Lonsdale Street, Melbourne
    • We transformed Melbourne's GPO for the opening of Australia’s first flagship H&M store
  • FY2016
    • The ISPT Core Fund acquired a 50% interest in World Square Shopping Centre, Sydney
    • IRAPT acquired Camberwell Place in Victoria
    • H&M and UNIQLO opened at 170 Queen Street and Zara opened at 155 Queen Street in Brisbane CBD
    • We launched Flex by ISPT, our national network of teamworking, meeting, conference and event spaces
  • FY2017
    • ISPT Core Fund exceeded $10 billion in value
    • IRAPT doubled in size since 2013, and exceeded $1 billion in value
    • ISPT opens Foy’s Arcade in Melbourne, a technology-enabled experience and collaboration centre
    • We launched Stage 1 of our National Solar PV Project, installing panels on 13 buildings across our portfolio
  • FY2018
    • ISPT unveiled George Place, Sydney, a lobby transformation uniting three commercial buildings
    • We acquired 50% of 275 Kent Street, Sydney, the headquarters for Westpac and our biggest acquisition by value
    • ISPT’s 50 Lonsdale Street Property Trust tops the Mercer/IPD Index for the 4th year in a row
  • FY2019
    • We completed development of 271 Spring Street, Melbourne, the new headquarters for Australian Unity
    • ISPT enteed the education sector, winning the tender to partner with Victoria University on their 32-storey vertical campus
    • ISPT partnered with HESTA on a $200M property mandate to invest in the fast-growing healthcare sector