Acknowledgment of Country
As an owner and manager of community hubs across Australia, we acknowledge the Traditional Custodians of the lands on which we operate and we pay our respects to Elders past, present and emerging.
Company Overview
Established in 2013, Fort Street Real Estate Capital (FSREC) is a leading specialist real estate investment and asset management company, with a focus on convenience-based retail. Through a combination of its experienced team, deep retail sector expertise and relationships, FSREC aims to deliver superior risk-adjusted returns to investors.
FSREC actively manages assets to provide further value for investors through asset repositioning and development, and to better serve the needs of their local communities. The team have a long history of successful real estate investment with extensive experience in property acquisitions, divestments, property management, development and capital management.
ISPT, a leading property fund manager, owns FSREC and is a majority shareholder in the FSREC Property Fund.
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FSREC Property Fund
The FSREC Property Fund (Fund) provides investors with exposure to a portfolio of 12 high-quality convenience-based shopping centres across the east coast of Australia, with total value of over $700 million.
The Fund investment strategy is focussed on acquiring core and core plus retail centres within well-located markets with strong underlying fundamentals, providing the potential for strong cashflows and long-term capital growth. The geographic focus is on major metropolitan areas and strong regional centres, predominantly across the east coast of Australia.
ABOUT ISPT
ISPT is a leading Australian property fund manager that is dedicated to creating better futures. ISPT has been generating returns for its Investors for 30 years, including some of Australia’s largest industry superannuation funds.
ISPT’s $21B portfolio invests in, develops and manages over 140 commercial, retail, logistics, warehousing and residential properties in Australia.
www.ispt.com.au
Our Values
Fort Street is committed to creating and managing a portfolio of assets that serve the needs of their local communities. Our values inform the way we do business, work together, and collaborate with our partners.
Our values are to act with integrity and accountability at all times; recognise the value that diversity brings to our workplace and community; respect our work colleagues, business and investment partners, investors, and community members; create a working environment where safety is recognised and practiced; seek to achieve excellence in all we do; be honest, transparent and collaborative in all our dealings; add value through innovation; and be courageous, determined and enthusiastic in our endeavours.
Sustainability
At Fort Street Real Estate Capital, we are committed to and invested in improving the environmental, social and governance aspects of our assets.
Reducing our impact on both the local and global environment as well as supporting our local communities also has financial benefits to our investors. Solar panel installations and implementing best practice waste management strategies reduces our operating costs on both energy and waste collection.
We currently have solar capacity of 1,520kW across 8 of our 12 assets generating 1,950 MW per annum equivalent to 1,590 tonnes of CO2 emission reduction per year.
Several energy efficiency initiatives completed during the financial year
75%
of our assets
now have Solar
TOTAL ANNUAL SAVINGS:
1,950
MWh per annum
Avoided in common area electricity usage
1,550
Tonnes CO2e
per annum
Avoided in emissions
407
Return flights
between London
and Sydney
15.3%
Reduction
Common area
electricity usage
159
Hectares of
trees grown
per year
In addition to our energy and waste management strategies, work is currently in progress on a number of initiatives including:
- Development of a retailer sustainability platform to encourage tenant participation in recycling to divert from landfill as well as implementation of best practice environmentally friendly fit out and display in new tenancies and refurbishments
- Reducing our customer plastic bottle usage by installing water bottle refill stations throughout our assets
- Improving the water quality of run off from our car-parks
- Increasing our tree canopies at our assets, where space allows
- Installation of reverse vending machines across our assets
- Development of community education and engagement activations at our centres that influence change across local communities as well as inspire the future generations
At Fort Street Real Estate and as part of our social responsibility and governance practices, we partner with aligned community and charity organisations both at a local and national level to improve outcomes for the most vulnerable in our communities.
Our national partnership with Little Blue Dinosaur focuses on safety for children around moving vehicles which is the number one cause of death in children under 16 in Australia. This partnership enables Little Blue Dinosaur to fund much needed research and education as well as ensure our carparks and internal vehicle roadways are at the forefront of best practice in pedestrian safety.
In conjunction we have partnerships with not only local schools, kindergartens and universities but across our assets also have activities that directly benefit other local organisations such as:
- Sunshine Butterflies
- The View Club
- SES
- RFS
- Liberty Domestic and Family Violence Specialty Service
- Flood Relief and Bushfire Relief
Development of a Reconciliation Plan including location specific and sensitive framework is currently also underway.
