Winning Group expands at ISPT’s Charles Sturt Industrial Estate

Winning Group has expanded in Adelaide, taking space within ISPT’s Charles Sturt Industrial Estate in Woodville. The online appliance retailer has committed to 7300 square metres being Building 21.2, 20 Cheltenham Parade. The 23.2 hectare business park is at 853-867 Port Road, eight kilometres north west of the city. So far it contains 55,329 sqm

Read more

Winning Group pre-commits to ISPT’s Portlink Logistics Estate in Altona North

Industry Superannuation Property Trust has pre-committed Sydney-based retailer Winning Group – which owns popular website – to what will be a purpose-built warehouse and distribution centre, in Melbourne’s west. Winning Group intends to move into the 45,000 square metre Altona North facility in 2021. It’s initial lease term is 10 years. The development will

Read more

Australian Unity sells half-share of Geelong’s Waurn Ponds Shopping Centre to co-owner ISPT

Australian Unity’s Retail Property Fund has sold its half-share in the Waurn Ponds Shopping Centre, seven kilometres south west of Geelong, to co-owner, Industry Superannuation Property Trust. The deal comes five years after Australian Unity sold the first 50 per cent stake in the complex to ISPT’s Core Fund following a major renovation. Major institutional

Read more

ISPT acquires three Melbourne CBD sites from Victoria University with plans for a 32-level campus

Industry Superannuation Property Trust will acquire three Melbourne CBD sites from Victoria University and build a 32-level vertical campus which will be leased by the college for 30 years. ISPT announced today that it was awarded the tender to partner with VU and the Victorian Department of Education and Training. The proposed new building, VU

Read more

ISPT To Reap About $35 Million From Sale of 474 St Kilda Road

474 St Kilda RoadIndustry Superannuation Property Trust can expect to make between $30 million and $35 million from what might be the most under-utilised property in St Kilda Road.

The Clemenger House office building, at # 474, is spread over two blocks and three streets.

Given the shifting attitude in recent years to convert St Kilda Road offices into high rise apartment skyscrapers, 474 St Kilda Road is expected to arouse interest from residential developers.

Read more

ISPT sells 55 Hunter Street for $106.1m

INDUSTRY Superannuation Property Trust has sold a Sydney CBD office building to private group, City Freeholds, for $106.1 million.

The 55 Hunter Street building sold on a yield of about 7.5 per cent.

The sale is the latest healthy office transaction in the Sydney CBD. Last month Investa Property Group paid more than $95 million for a half share in 60 Martin Place, while overseas investors are paying $685 million  for the luxury Aurora Place.

Read more

Hamton, ISPT Forge With Plans to Develop $200 Million Riverfront Village, Abbotsford

THE development consortium which bought three low-rise offices on the banks of the Yarra River, is forging ahead with plans to demolish two of the buildings, and replace the space with a $200 million residential village.
Developers Hamton and Industry Superannuation Property Trust have started marketing apartments at 677 – 679 Victoria Street, opposite the Victoria Gardens shopping centre in Abbotsford, at the suburb border of Kew and Hawthorn.

The developers are reported to have paid Becton about $30 million for the office complex late last year, outmuscling traditional property investors sniffing the market out at the time for good bargains.

Read more

ISPT Makes $16.75 Million From Sale of Richmond Office

INDUSTRY Superannuation Property Trust has made $16.75 million from the sale of a prominent office building in Melbourne’s inner eastern suburb of Richmond. The building at Lot 1, 658 Church Street sits on a 7,064 square metre site, and was sold with a permit for a 20,000 square metre office. The office was purchased by

Read more

ISPT Sells 522 Flinders Lane Car Park For $38 Million

INDUSTRY Superannuation Property Trust has sold a freestanding 10-level Melbourne CBD car park for $38 million.

The 522 Flinders Lane property abuts the massive, but vacant 567 Collins Street site, earmarked to become a major office building as soon as owners APN and Leighton can find tenants.

The Flinders Street car park sold on a yield of 7.96 per cent to a private investor who owns another car park, in a Knight Frank led campaign.

Read more