TCPinpoint has recently been engaged to work with ISPT’s IRAPT fund, which funds neighbourhood property development and generates returns for some of Australia’s largest industry superannuation funds.
Established in 1994, ISPT has grown to become one of Australia’s largest and best performing property fund managers, and now manages a diversified $17.6 billion portfolio across the commercial, retail, industrial and residential sectors.
From February 2019, TCP will provision software for use in coordinating and managing properties in the IRAPT fund. Since May 2013, $1billion has been invested in the fund, and currently 33 properties are managed across Australia.
From 1st July 2019, TCP will also be engaging with the Core Fund, which is the flagship fund with a sector diverse portfolio and geographically dispersed throughout Australia. The ISPT Core Fund was valued at circa $14.3 billion as at 30 September 2018.
TCPinpoint CEO Rachel Kidwell says that TCP are looking forward to working with such a significant property developer.
“We’re applying new technologies to enable visibility and transparency across their portfolio, in addition to enabling landlords to identify where the roadblocks occur in the complex process of opening retail stores”, Rachel said.
Moving from a flat spreadsheet driven model, to an intuitive dynamic cloud based model, ISPT will use TCP to report on data such as the number of days between tenancy close to tenancy open, and identify where processes can be refined.