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.
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