Cbus Property is a wholly owned subsidiary of United Super Pty Ltd, Trustee of Cbus, the industry superannuation fund for the construction, building and allied industries, with funds under management exceeding $54 billion at 30 June 2020.
Cbus Property has responsibility for the development and management of Cbus’ direct property investments portfolio, including major investments and developments in the commercial and residential sectors. The property portfolio comprised of assets totalling circa $5.0 billion, with a further $4.0 billion of development work ‘in hand’, making Cbus Property one of Australia’s leading integrated property investors. Cbus Property has extensive experience in the delivery of sustainable developments within Australia and is committed to using its considerable experience in the investment and delivery of developments that provide a benchmark for both economic and environmental sustainability.
As a profit-to-member industry fund, our parent company is committed to investing back into the construction industry via our projects across Australia, having already created more than 100,000 jobs* through Cbus Property completed developments.
Cbus is dedicated to leveraging its unique position within the industry to invest in opportunities that will help lead to the creation of a further 100,000 jobs through the recovery.
*Estimated jobs since 2006 to June 2020 based on inductions for completed and committed developments.
This comes at a vital time, with building and construction placed to be at the frontline of Australia’s economic recovery following the COVID-19 crisis.
Not only is Cbus Super well positioned to invest in infrastructure projects and play an important role in ensuring a strong pipeline of construction work, but by acting as a direct investor on our members’ behalf, Cbus will also become a provider of corporate finance to businesses around Australia.
Cbus Property has secured a partnership with the South Australian Government to deliver a new $300 million office building, in the heart of Adelaide’s CBD.
Located at 83 Pirie Street, the 20-storey complex is set to change Adelaide’s skyline and create up to 2,000 jobs during construction.
83 Pirie Street joins several other projects in Cbus Property’s pipeline set to commence within the next 12 months, including 111 Castlereagh Street, a prestigious collection of residential apartments, and 121 Castlereagh Street, a premium commercial office building, both transforming the former David Jones store in the heart of Sydney’s CBD. These developments are expected to be the first of many that will play an important part in the road to recovery for Australia.