IRAPT seeks further investments

The ISPT Retail Australia Property Trust (IRAPT) has marked the end of its first year with a strong financial performance and is scouring the market to invest in further investments for its circa $460 million fund.

IRAPT Fund Manager, Cameron Gregson, said IRAPT specifically targets assets in the non-discretionary retail sector. “We focus on convenience retailing in neighbourhood and smaller sub regional shopping centres across Australia with an emphasis on food sales through grocery-based anchors. This asset class has proven to be resilient and an effective inflation hedge.”

IRAPT’s focus on assets with strong non-discretionary retail tenant profiles is designed to leverage ISPT’s strong track record in this large and fragmented sector.