Enriched ISPT and CBRE partnership hopes to facilitate equity in prosperity

by Helena Morgan
0 comment

Property investment titan ISPT has appointed commercial real estate services company CBRE as its national property services partner, in a bid to maximise the power and influence of both firms and offer excellence to tenant partners. 

The two firms will join forces to provide comprehensive and thoughtful property management services, such as building operations, property accounting, experience and procurement services and technology enablement.   

ISPT and CBRE vow to consolidate multiple incumbent agencies and services across ISPT’s wholly-owned properties and create 120 assets across six Australian states and territories. ISPT head of property Amanda Steele underscores that the purpose of this partnership is to provide “market-leading performance at pace”.

“We see huge opportunities across marketing, tenant care programs, procurement benefits and customer insights which ultimately will lead to a better experience for our tenant partners and better outcomes for our investors,” says Steele. 

Steele says a supplementary mission of the partnership is to rely on a precinct approach to ISPT’s national portfolio, as opposed to a conventional asset-by-asset view approach. “This will drive innovation and workflow improvements across the portfolio,” she says. 

Directing much-needed attention and funding towards communities in need

This partnership will also see CBRE invest in a charitable fund dedicated to facilitating better property outcomes for communities where ISPT has a presence. The fund will receive 1 percent of the gross revenue from the partnership and reap the benefits of CBRE’s vast resources and adaptability, alongside its experience managing large property portfolios. 

CBRE property manager and Pacific executive managing director Natalie Slessor anticipates the partnership setting a new precedent for property management in the marketplace. 

“We are well positioned to help ISPT deliver exceptional experiences for their tenant partners and further drive overall value creation for its Australian property portfolio,” she says.

Slessor reports that CBRE is excited by the prospects of the “sector-first” charitable fund as it speaks to the company’s steadfast commitment to “equity in prosperity”.

“Through the charitable fund, we’ll also have the opportunity to invest in new ideas and projects in affordable real estate – housing, retail, industrial or workplace,” she finishes.

Pacific-region decarbonisation efforts recognised at Schneider’s Sustainability Impact Awards.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More