ISPT to put $250m of logistics sites on the market

Super fund investor and developer ISPT is seeking to divest three logistics assets in Sydney and Brisbane from its flagship fund in an effort to bolster the portfolio of the loss-making $18 billion vehicle.

ISPT is expecting the three industrial assets – Kookaburra Logistics Estate in south-western Sydney, South Pine Road in Moreton Bay, and Interchange Industrial Estate in northern Brisbane – to fetch about $250 million.