About Property Investments
Property Investments |
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This year Cbus continued its proud history of supporting the building and construction industry by investing in property developments across Australia. This sets us apart from other super funds, and shows our commitment to building retirement savings and helping to create jobs. Through Cbus Property Pty Ltd the Fund invests directly in property developments as well as acting as a joint-venture partner. The investments stretch throughout Australia, including some in regional centres. Cbus is also a big investor in Australian infrastructure developments. A History of BuildingIn 1993, the beginnings of Cbus' property-development expertise was formed with the creation of Staged Developments Australia (SDA). In 1996 the historic Regent Theatre in Melbourne reopened after restoration work overseen by SDA. In 1998, Cbus' own property division began by investing in the development of the Novotel Barossa Valley Resort, South Australia. It was soon followed by investments in a hotel development in Tamworth NSW in 1999 and the Old Woolstore Hotel in Hobart in 2000. In 1999, former Prime Minister Paul Keating launched Cbus' Proud Partners property investment program. Cbus took over SDA in 2000 and renamed it Australian Super Developments (ASD). Cbus invested in the massive $1.2 billion Breakfast Point residential development in Sydney. The project is expected to run until 2008. By 2003 ASD began work on the Herald and Weekly Times office tower in Melbourne (now known as the Ernst & Young Building). Cbus also had projects in Adelaide and Darwin completed or underway. In 2004, Cbus continued to create jobs and investments in the construction and building industries. In 2006, Cbus launched Cbus Property Pty Ltd, a wholly Cbus-owned subsidiary, which combined previous property subsidiary, Australian Super Developments, with other direct property investments. |


