The media releases on this website relate to ISPT and were issued prior to the merger with IFM Investors. They are provided for historical reference only. They may not reflect IFM’s current views, operations or position.
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.