This article is from the Australian Property Journal archive
ISPT and pension fund manager have established a new joint venture, International Property Funds Management (IPFM), to handle international unlisted real estate investments on behalf of Australian investors.
ISPT is one of the largest property groups in Australia with $15 billion invested in office, industrial, retail and residential properties. IFM has $105 billion of assets under management globally.
IPFM will be led CEO Tony McCormack who said the JV will initially provide Australian institutional investors with competitive risk-adjusted returns, driven by the ‘investor-first’ culture of its foundation partners.
“IPFM will provide institutional investors with a unique pathway into offshore real estate, premised on best-of-breed transaction execution and asset management, as well as a highly competitive fee model to ensure maximum benefits are passed back to investors.
“IFM Investors and ISPT, each distinguished by an investor-owned structure and long-term investment approach, bring natural benefits to IPFM including an ability to leverage IFM Investors’ established global reach and ISPT’s property investment and asset management expertise,” McCormack said.
IPFM will initially target diversified property investments with a focus on core, income-producing assets. IPFM will directly pursue both on-market and off-market opportunities, tapping into a large network of local market relationships across a focused short-list of target markets.
The IPFM team also includes Tim Stringer as chief investment officer, and Tony Singh and Marc Fegredo as investment Managers.
The team is currently establishing its first investment strategy, intended to be a diversified pooled fund that will initially focus on core properties in Pan-European gateway cities.
Australian Property Journal
