With a proud history in Building and Construction, Cbus is one of the few Super funds that can play an active role in job creation for its members and safeguarding the future of the industry. It’s the fund’s history, industry knowledge and dedication to members that ensures Cbus Super is the leading fund for Building and Construction in Australia.
As a profit-to-member Industry Fund, Cbus Super is dedicated to investing back into the construction industry via its subsidiary Cbus property#. With already over 100,000 jobs* created through various investment projects, Cbus is dedicated to leveraging our unique position within the industry to find investment opportunities that will help lead to the creation of a further 100,000 jobs.
This comes at a vital time, with building and construction placed to be 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 member’s behalf Cbus will 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 development, in the heart of the Adelaide 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.
Many Australian companies have had their business models and cash flows dramatically disrupted by COVID-19. While the construction industry has not been fully shutdown nationally there are concerns about the pipeline of future work as hours are reduced and projects are put on hold.
Cbus has allocated investment funds to provide direct debt and investing directly in quality Australian companies. By doing this we are putting your super to work to help with the economic road to recovery. These investments aim to deliver both returns and help with the preservation and creation of jobs in building and construction as well as the broader Australian economy.
For example since March 2020 approval has been given for debt funding totalling $260 million for three separate residential construction facilities:
Cbus has also provided over $240 million in debt funding directly to Australian companies since March 2020.
In addition to debt funding, Cbus has invested over $450 million in quality Australian businesses to assist with capital they need to keep operating and keep employing. In the current challenging COVID environment and over the longer-term Cbus is able to invest as a capital partner with companies that play an important role in the Australian economy. Companies that will contribute to long-term returns for our members and create jobs into the economic recovery.
Cbus has successfully invested a further $49 million in the latest bond issuance from the National Housing Finance and Investment Corporation (NHFIC). This is the third investment in NHFIC bonds for Cbus, bringing our total investment to $88 million.
Cbus has been a long-time supporter of using a bond type of investment to pool funding from large investors for the delivery of affordable and social housing. NHFIC, a corporate Commonwealth entity dedicated to improving housing outcomes, has had a high level of demand from Australian and international investors for their AAA rated bonds .
The funds raised by NHFIC provide loans at lower interest costs to community housing providers (CHPs) to support the financing of properties across Australia, including supporting the construction and supply of new social and affordable dwellings.
This investment not only meets Cbus’ investment risk-return criteria, it contributes to the supply of housing for Australians in need and job creation through construction projects for years to come.
This project is the first of a number of announcements to come over the next 12 months, as Cbus continues to actively look for opportunities that not only represent value, but that will create both great returns and jobs for our members as we play an important part in the road to recovery for Australia.
We have a history of strong long-term performance, low fees.
We are the leading Industry Super Fund for the building, construction and allied industries.
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Cbus Property has created over 100,000 direct jobs* as at 30 June 2020 by investing back into the industry.
This information is about Cbus. It doesn't take into account your specific needs, so you should look at your own financial position, objectives and requirements before making any financial decisions. Read the relevant Cbus Product Disclosure Statement and related documents to decide whether Cbus is right for you or call 1300 361 784 for a copy.
Cbus Trustee: United Super Pty Ltd. ABN 46 006 261 623 AFSL 233792 Cbus ABN 75 493 363 262.
^ Since inception to 30 June 2020, based on the crediting rate, which is the return minus investment fees, the percentage-based administration fee and taxes. Excludes weekly administration fees. Past performance is not a reliable indicator of future performance.
* Estimated jobs since 2006 to June 2020 based on inductions for completed and committed developments.
#Cbus Property Pty Ltd is a wholly-owned subsidiary of United Super Pty Ltd and has responsibility for the development and management of Cbus’ direct property investments.
