Cbus Property has landed one of Australia's biggest developments -- the $700m+ 1 Bligh Street project in the CBD. Adrian Pozzo, chief executive, became a partner with Dexus Property Trust in developing a tower designed to set new standards in Green technology.
AFTER scouring Sydney's office market for three years Adrian Pozzo has landed one of Australia's biggest developments -- the $700-million-plus 1 Bligh Street project in the CBD.
OF THE $18 billion that has poured back into real estate investment trusts in the past year, a substantial amount has come from industry superannuation funds, as they shift their focus back to the ailing property sector.
A division of industry fund Cbus has joined a consortium to construct a luxury residential development, the Residence Hyde Park in Sydney.
PROFESSIONAL services firm Deloitte will shift its state headquarters to a 19-level tower at 550 Bourke Street that Cbus Property is building. It is due for completion in October. The move will leave a large hole in Deloitte's current building, QV, in Lonsdale Street, which is owned by private developer Grocon.
Dexus Property Group and CBus Property, the property fund for the Building Industry Super Fund, will partner in the development of a six-star office tower in Sydney. CBus has acquired a one-third interest in the property.
FINDING buyers for 16 freehold shops at Victoria's coastal Cumberland Lorne Resort has been plain sailing for Queensland property group Trinity.