Industry Superannuation Property Trust
Website:
www.ispt.net.au
AGEST and ISPT
AGEST has employed ISPT to manage part of the unlisted property portfolio of the fund. AGEST invests in ISPT's Core Fund.
Objective and strategy
The ISPT Core Fund was formed on 1 October 2005 from the stapling of the ISPT No.1 and ISPT No.2 trusts.
The objective of the fund is to achieve returns over three year rolling periods, above those of those of the median manager in the Mercer Unlisted Property Funds Index and a real rate of return (i.e. above CPI inflation) of at least 6.0% p.a.
The fund's strategy is to invest in securely let properties diversified by sector (office, retail and industrial) and location. Income is expected to be the major component of the fund's return. Capital growth to come from active management of the portfolio and a modest development exposure of up to 15% of the fund's gross assets.
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