Showcasing Cbus Property
Cbus Property is a wholly owned entity of United Super and is responsible for the development and management of a portfolio of our property investments in the commercial office, residential and retail sectors. Following Media Super’s merger with Cbus Super in April 2022, Cbus Property developments are some of the many new investment opportunities Media Super members may be invested in2.
Cbus Property believes it has one of Australia’s highest-quality office investment portfolios, characterised by modern, premium quality assets, a strong-weighted average lease expiry (WALE) profile, and a high proportion of government tenants.
Explaining WALE:
In simple terms, the WALE provides insight into the length of the average tenant lease in a property. It also takes into account the relative size of each lease, so a large lease has a greater impact on the overall WALE than a smaller one.
Cbus Property has also built a legacy of developing office, retail and residential buildings to the highest sustainability standards, delivering positive environmental, social and economic outcomes. In an ever-evolving approach to sustainability, Cbus Property is aspiring to develop and manage the most sustainable buildings in Australia, if not the world.
Importantly, Cbus Property’s investments in residential and commercial construction has delivered strong long-term returns for our members while simultaneously adding value to the economy and creating employment opportunities for members across a range of industries.
- 100,000+ jobs created since inception1
- 12.9% average annual return since inception2
1Estimated jobs since 2006 to June 2024 based on inductions for completed and committed developments.
2Since inception in 2006 to 30 June 2024. Cbus Property investments are part of the property asset class in the High Growth, Growth Plus, Growth, Conservative Growth, Conservative and Property investment options and these returns form part of the crediting rates allocated to accounts invested in these options. Past performance is not a reliable indicator of future performance.
An expanding and evolving asset base
At 30 June 2024, Cbus Property’s portfolio exceeded $6.6 billion with $4.8 billion of development work ‘in hand’. But did you know?
Residential developments
- 850+ new residential units are currently under construction
Office developments
- 154,000 square metres of lettable commercial office space is currently under development
Office investments
- 83% of office tenants, by income, are government, ASX 200-listed companies, or major legal firms
- 8.4 years WALE across the portfolio
Retail investments
- 287,000 gross retail lettable area (sqm)
- Approximately 31 million customer visits
Sustainability credentials
- Recognised as a sustainability leader in the 2024 NABERS Sustainable Portfolios Index (SPI) for the fourth consecutive year.
- Achieved net zero operational carbon for all office buildings in 2022, verified by Climate Active.
