ISPT sells ex-Waltons department store
ISPT is taking a hit selling a retail investment in Melbourne’s Bourke Street Mall after nearly 10 years. The six
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ISPT buys another Townsville shopping centre
Clarence Property Group has made a significant capital gain selling Townsville’s North Shore Marketplace after four years. The 2.9 hectare
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ISPT divests maiden Brisbane mall
ISPT has sold a north Brisbane shopping centre after nine years. Bracken Ridge Plaza at Bracken Ridge collected $39.39m following
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ISPT offloads warehouses worth $250m
ISPT has offloaded three east coast industrial investments banking a total c$255 million. In the biggest deal, the Rowe family,
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ISPT secures balance of Mornington mall
ISPT has bought the half stake it didn’t control of a Mornington shopping centre. For the ISPT Retail Australia Property
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ISPT sheds another mall stake
ISPT is selling a half stake interest in another shopping centre – this time in a Melbourne growth corridor. The
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Growthpoint, ISPT trading renovated Canberra office
Growthpoint is buying a Canberra office for a single asset trust calling on investors. Developed in 1986, refurbished in 2022
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ISPT offloads Northern Beaches mall
ISPT has sold a Northern Beaches shopping centre for about $60 million – the price it paid nearly 10 years
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ISPT sells former Broadway on the Mall
ISPT has sold Brisbane’s former Broadway on the Mall, nowadays just known as 170 Queen Street, after 12 years. The
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Aliro, ISPT fill another west Sydney warehouse
Aliro and ISPT have secured Harris Farm Markets to the Elevation at Greystanes industrial estate, at Prospect, west of Sydney.
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ISPT spends big in Melbourne’s ‘Toorak of industrial’
ISPT, which earlier this year appointed a new leader, Chris Chapple, set to start in October, is speculated to be
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ISPT snares growth corridor employment site
ISPT is paying just over $100 million for an Officer South horse stud recently rezoned for commercial development. The deal
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ISPT appoints new CEO
Chris Chapple (pictured, top) will replace Daryl Browning as ISPT chief executive officer at an as-yet-undisclosed date, expected to be
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ISPT digs deep for another Sunshine Coast mall
ISPT has acquired another mid-size Sunshine Coast shopping centre, this time for $30.5 million. The fully leased Caloundra Village, 20
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Daryl Browning quits ISPT
Daryl Browning will step down as ISPT chief executive officer after 17 years. In a statement, chair Rosemary Hartnett said
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ISPT picks up another Coolum Beach shopping centre
ISPT has purchased another small shopping centre at Coolum Beach, on the Sunshine Coast. Coolum Park at 21 South Coolum
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ISPT tries again to replace Kingswood Golf Club
ISPT is a step closer to replacing Dingley Village’s Kingswood Golf Club with a housing estate (artist’s impression, top) –
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Woolworths buys Kiama shopping centre from ISPT
Woolworths has paid ISPT a speculated $49 million for the Kiama Village shopping centre, with plans for a major refurbishment.
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ISPT offers $600m-plus office portfolio
ISPT has listed four east coast office investments. The priciest, 100 Pacific Highway, North Sydney, carries $400-$450 million expectations. Developed
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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
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Harrington picks up Greenacre Shopping Centre from ISPT for $26.5 million
ISPT has sold a neighbourhood retail investment in Sydney’s south west for $26.5 million. The Greenacre Shopping Centre, which the
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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 appliancesonline.com.au – to what will
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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
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ISPT hands Melbourne’s 271 Spring Street to Australian Unity
Industry Superannuation Property Trust has completed construction of a major office at a historic Melbourne CBD corner. The 16-storey tower,
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Charter Hall Retail REIT pays ISPT $74 million for Campbellfield Plaza
Charter Hall Retail REIT is paying $74 million for the Campbellfield Plaza shopping centre in Melbourne’s north. The 17,900 square
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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
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ISPT’s Campbellfield Plaza expected to sell for more than $80 million
Industry Superannuation Property Trust can expect to bank more than $80 million from the sale of a major shopping centre
Read moreChinese developer buying Melbourne office from ISPT
CHINA based builder Sunnyland Investment Group has paid about $40 million for a major St Kilda Road development site which has the potential to yield at least two major apartment skyscrapers, and a ground floor shopping centre.
The purchase continues a trend of Asia-based investors swooping on inner-city sites and exploiting the state government’s problematic Melbourne @ 5 Million planning policy which encourages higher density redevelopment around existing roads and public transport – a strategy that hasn’t gone unnoticed to stressed drivers, bus and rail commuters in this election campaign.
Sunnyland’s latest acquisition is of the Clemenger BBDO House office at 472 – 474 St Kilda Road, on the south-west corner of Leopold Street.
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ISPT sells St Kilda Rd office
GONE are the days when St Kilda Road complexes were limited to about 12 levels.
With the sky now the limit in regard to residential development in Melbourne – the value of a low rise office, with three street frontages at 472 – 474 St Kilda Road has ballooned over the past four years.
Sources say Industry Superannuation Property Trust has entered advanced negotiations with an as-yet-undisclosed residential developer, to sell the Clemenger BBDO House building for about $37.5 million.
ISPT paid $29.6 million for the asset in October 2006.
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ISPT To Reap About $35 Million From Sale of 474 St Kilda Road
Industry 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 moreISPT 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.
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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 moreISPT 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
Read moreISPT sells 522 Flinders Ln car park
Industry Superannuation Property Trust has sold a 10-level Melbourne CBD car park. The 522 Flinders Lane property collected $38 million.
Read moreHamton and ISPT Buy Abbotsford Site on Banks of the Yarra River, Apartments Planned
A prominent inner-city office business park, put to the market by beleaguered fund manager Becton late last year, has been snapped up by Melbourne-based developers and will make way for apartments.
Read moreISPT to Sell St Helena Shopping Centre For $27M
Industry Superannuation Property Trust is believed to be close to selling its St Helena Marketplace in Melbourne’s north-east, for about $27 million.
Read moreISPT, CBus Confirm $700 Million Bourke Junction Development, Docklands. Suncorp Major Tenant.
Industry Superannuation Property Trust (ISPT), Cbus Property and EPC Partners today announced their joint venture to develop the new $700 million South East Stadium Precinct (SESP) at Docklands in Melbourne.
Read moreISPT, Hamton Pull Out of Stonington Terraces Project, Malvern
The Industry Superannuation Property Trust Opportunity Fund has pulled the plug on the redevelopment of the former Deakin University campus in Malvern, and now wants to sell the site for more than $50 million.
Read moreISPT Pays $385m for Brisbane CBD Office Building
ISPT has acquired the 40,429 square metre tower located at 345 Queen Street for a purchase price of $385 million (excluding acquisition costs). The property has 34 upper levels and a 5 level annex building with separate entrance to Queen Street. Parking for 270 cars is provided over 4 basement levels.
Read moreISPT to Lease Outgoing AXA Collins Street Building
Yet another large chunk of office space is about to become available in central Collins Street, with Industry Superannuation Property Trust confirming it will market almost 31,000 square metres of office space at 447 Collins Street, soon to be vacated by financial services giant AXA.
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Canberra office sold off-market
A modern Canberra office carrying a 68 per cent vacancy rate has sold off-market. The six storey, 5467 square metre
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The Hour Glass sells Brisbane building
Luxury retail giant The Hour Glass has sold one of its Brisbane CBD properties. The two level, 500 square metre
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Footballer turned developer drops $250m for kale farm
Footballer turned developer Fraser Brown has snapped up a major farm quickly being encroached upon by housing estates, in Melbourne’s
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Lululemon to switch flagship Perth store
Lululemon will open a flagship West Australian store on the ground level of a Cbus Property office – abutting the
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Investor buys office for NT’s first voco hotel
Prominent Territory developer John Halikos has purchased Darwin’s rundown Health House and pre-committed IHG Hotels & Resorts to operate it
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UK giant leases Harry Seidler’s only hotel for lux brand
ISPT has committed IHG Hotels and Resorts to the only guesthouse completed by revered architect Harry Seidler. The c1986 25
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Charter Hall eyes Geelong mall
Chris Lock’s IP Generation is realising another profit selling a Geelong region asset after a renovation. This time, the 18.6 hectare
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Sydney group secures Melbourne farm after rezone
CVC Limited, as a majority backer, will buy a major Melbourne growth corridor industrial development site following a rezone. The
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Barber sells first of five unbuilt cold storage investments
Irongate has snapped up another major Sydney industrial investment – this time on a fund-through basis. The food processing and
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EG in the black after Ingleburn flip
EG has sold a south west Sydney business park after four and a half years. The fund manager finished in
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Flagship David Jones Melbourne store sold
Two major retail investment deals mooted last year have been formalised this month. In Melbourne, Woolworths Holdings Limited is collecting
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Amcor sells enormous Melbourne packaging plant
Amcor has sold a prominent fibre packaging plant in Melbourne’s inner west. The leaseback deal with RF Corval for 512-520
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Woolworths buys, sells anchored malls
Woolworths has bought and sold shopping centres it anchors east and west of the country. In a significant deal, the
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Adelaide billionaire buys another mall
Nick DiMauro has bought another major shopping centre, this time in his home town of Adelaide. Arndale Shopping Centre is
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Stake in Sydney mall fetches $135.5m
JY Group has added a Northern Beaches shopping centre to its fast growing portfolio. The half stake in Warriewood Square
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Growthpoint moves more industrial off books
Growthpoint has quietly sold its 15.1 per cent holding in the Dexus Industria REIT (DXI). The $131.7 million deal –
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HMC buys unique inner-city mall
One of three triple-supermarket anchored neighbourhood shopping centres in Queensland – and 11 in the country – has found favour
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Moonee Valley Racecourse to be diced as downsize becomes real
EXCLUSIVE Hamton and Hostplus are readying to build a road which will slice off what has for 140 years been
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Iveco recommits to ex-Metro Tunnel office
Truck giant Iveco, which three years ago ceased manufacturing in Australia – it now imports, mostly from Spain – has
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Revelop secures another strata titled shopping centre
Revelop has swooped on a near new strata titled shopping centre after a significantly more valuable deal to Centuria managed
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Tesla leases enormous site for “graveyard” of unsold cars
EXCLUSIVE A month after it was revealed a “graveyard” of unsold Teslas are sitting at Port Melbourne – the Elon
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Brunetti owner buys cafe, factory from landlord
EXCLUSIVE Brunetti Oro owner Yuri Angele has bought a sizeable inner north restaurant and commercial kitchen from his landlord of
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Elanor, Vicinity divest Pilbara mall
A triple anchored shopping centre in Western Australia’s Pilbara has sold to Melbourne fund manager Fawkner Property for a touch
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Vicinity lists its smallest mall
Vicinity Centres is selling its smallest mall by value – in Perth’s exclusive Victoria Park, diagonally adjacent to the Burswood
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Developer swoops on another Melbourne golf course
An outgoing golf club in Cranbourne North, now a growth corridor suburb, will be replaced with a $1 billion-plus housing
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Centuria picks up another Mandurah mall
Centuria has snapped up Halls Head Central – its third major shopping centre at Mandurah, 75 kilometres south of Perth.
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Mattel commits Barbie, Ken to new Melbourne home
DHL Supply Chain has secured Mattel to one of two standalone office/warehouses it recently pre-committed to in Melbourne. The 31,000
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Charter Hall sells Queensland mall off-market
Charter Hall has sold Mackay’s recently refurbished Sydney Street Markets to Augustine Property, off market. The $43.5 million price falls
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Roberts Jones ends 128pc in the black from Medich block sell-down
ISPT and UniSuper, in a 50:50 partnership, have bought the largest Enterprise zoned site in the Western Sydney Aerotropolis region
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Melbourne fund manager secures another regional mall
Melbourne fund manager Fawkner Property is continuing to boost its regional retail portfolio, this time with another asset from Stockland.
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Revelop, Stockland trade Balgowlah mall
Revelop has snapped up a northern beaches strata shopping centre from Stockland – outlaying $155 million. Now expected to be
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Developer pots Melbourne golf course after rezoning windfall
Perth based Satterley has swooped on one of Melbourne’s dwindling privately owned infill golf courses, five months following a controversial
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Fund managers swap Eastgate Bondi Junction
ISPT has sold Sydney’s Eastgate Bondi Junction after 29 years. The trophy retail investment – with specialty tenants producing an
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Outgoing Cranbourne Golf Course for sale
Two years after Huntingdale and Cranbourne golf clubs agreed to merge into a redeveloped course owned by the former, the
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Mintus snares another mall
Mel Hazzouri’s Mintus has bought west Sydney’s Ashfield Mall ending 27 years of ownership for one of its vendors, Abacus
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Charter Hall banks premium for Vic, SA malls
Charter Hall has quietly sold two shopping centres after 10 years. In the biggest deal, the manager, on behalf of
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Melbourne’s GPO for sale as part of $600m portfolio
ISPT has listed Melbourne’s GPO as part of a portfolio also with the neighbouring The Strand, a regional Western Australian
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Lendlease divests Port Macquarie’s biggest mall
Lendlease has offloaded another asset in its open-ended unlisted convenience retail based Sub-Regional Retail Fund. Settlement City, Greater Port Macquarie’s
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Brunetti commits to popular retail strip
Pasticceria Brunetti Classico is expanding with operator Fabio Angele leasing a 345 square metre space within Giancorp’s Penny Lane project,
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Lang Walker, Aliro trade major Brisbane industrial site
Lang Walker has sold a 21 hectare piece of Bundamba’s Citiswich Business Park to another Sydney investor, fund manager Aliro,
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