ISPT purchased and then developed the 50 Lonsdale Street site in 2006 with a vision to create a substantial and contemporary commercial tower that integrated into the city below by offering a generosity of civic space.
Today, the precinct is a vibrant place that meets the needs of tenants and has contributed to ISPT’s reputation for property excellence and integrity.
In fact, 50 Lonsdale Streetwas ISPT’s first major development and one of the most significant in the company’s history. Arthur Apted, Former Managing Director of ISPT expresses the significance of the project: “In the early 2000’s we decided to diversify the product offer, that took us into property development. That was a $250 million project we won through a competitive tender process with the Victorian Government as a cornerstone tenant for the building. Some people regarded it a very ambitious first up property development. The project came in pretty much on time and on budget and considerably in excess of the target rate of return we had set for it.”
ISPT invests in property for some of Australia’s largest industry superannuation funds. In fact, over 50% of working Australians have their super invested in ISPT properties. For over 25 years, they’ve been creating modern, flexible and sustainable workplaces that inspire teams and bring building communities together.
ISPT might be in the business of property, but it’s their commitment to growth for people, places and communities that really drives them. They responsibly invest the super of working Australians, which means they’re properties are not only created for you, they may be owned by you too. To check whether your super fund invests with ISPT click here.