Large-scale waste throughout the commercial property industry is well known, with too many items ending up in landfill that could be put to good use.

But at ISPT, we do things differently.

We believe the most sustainable building is the one already built, which is why we gave 500 Bourke Street a new lease of life, embracing this ethos in more ways than one.
We teamed up with experts to save over 12,000 furniture items, 42,000 ceiling tiles plus white goods and blinds from a one-way trip to landfill. And in the process, helped to build a three two-bedroom homes for homeless and displaced youth.

 

 

Supporting our most vulnerable

Over $200,000 was raised from the sale of these items from 500 Bourke Street in Melbourne to the Property Industry Foundation to help build three brand new two-bedroom homes for young mothers and their children in the Shepparton area in Victoria.
It’s our way of standing true to our ESG commitments and supporting some of the most vulnerable members of our community.

This is one of the largest physical releases of furniture items in Australia, and we’ve made a commitment to rehome 85% of it.

 

The start of something big

Through this industry-leading initiative, we aim to set a new standard for responsible reuse in the commercial property industry.

And this is just the start.

We’re taking what we’ve learned from this project to create a nationwide program to be rolled out across our portfolio, where waste becomes a resource rather than a problem. We’ve been transforming organic waste into usable by-products in our properties since 2019 and we look forward to expanding on this principle and implementing it on a much larger scale.

 

 

500 Bourke Street items redistributed

• 12,307 items of furniture sold, donated or recycled
• 42,000 sqm of ceiling tiles
• 173 white goods items
• 1,000+ blinds retrofitted to charity homes and public housing