What Cbus Property does

Cbus Property is the wholly-owned property investment and development arm of Cbus Super, one of Australia's largest industry superannuation funds with over A$105 billion in funds under management as of June 2025. The company operates an integrated model that develops, owns, and manages premium-grade commercial office towers, luxury residential apartments, and mixed-use precincts across Australia's east coast capitals and increasingly Perth and Adelaide. Its portfolio exceeds A$7.8 billion in completed investment properties with a further A$3.4 billion in development work in hand, and it has created an estimated 100,000+ construction jobs over its 19-year operating history.

The company's product portfolio is technically distinguished by industry-leading sustainability credentials — 6 Star Green Star ratings, 5.5 Star NABERS Energy ratings, Platinum WELL certifications, and Carbon Neutral certification across flagship assets, with the entire office portfolio achieving net-zero carbon in operation in early 2022. Notable technical innovations include the world-first solar skin façade at 435 Bourke Street (A$1.1 billion, 48 levels, Melbourne), Australia's first 6 Star Green Star residential building (443 Queen Street, Brisbane), and the first all-electric carbon-neutral-ready A-Grade office tower in Adelaide (83 Pirie Street). Cbus Property generates revenue through three primary streams: recurring commercial property leasing to corporate tenants (Commonwealth Bank, Baker McKenzie, Lavan, WA State Government, Victoria Police), one-time luxury residential apartment sales to high-net-worth individuals, and recurring retail precinct leasing (anchored by operators such as Lucas Restaurants). It also earns recurring property management fees on its owned investment assets.

Distribution is handled entirely through direct enterprise sales — the company's property and investment team negotiates commercial leases directly with corporate decision-makers, and a dedicated residential sales team manages bespoke apartment sales. The company does not use third-party agents or public marketplaces for commercial leasing. It is geographically diversified across Melbourne (headquarters), Sydney, Brisbane, Perth, and Adelaide, with offices in the three largest east coast cities and active development pipelines spanning all five mainland state capitals.

Name

Cbus Property

Legal name

Cbus Property Pty Ltd

Website

https://cbusproperty.com.au

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

Cbus Property is the wholly-owned property investment and development arm of Cbus Super (A$105B+ AUM superannuation fund), developing and owning premium-grade commercial office towers, luxury residential apartments, and mixed-use precincts across Melbourne, Sydney, Brisbane, Perth, and Adelaide. It serves corporate tenants, HNW residential buyers, and hospitality operators via direct enterprise sales.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (53112), Lessors of Real Estate (5311), Residential Property Managers (531311), Nonresidential Property Managers (531312)

SIC

Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

akta.pro secondary industries

Multifamily Apartment Property Management (BPAJAFAA), Residential Real Estate Asset Management (BPAJAMAA)

Keywords

• Commercial property development
• Residential property development
• Mixed-use real estate
• Premium office towers
• Sustainable building development

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Commercial Property Leasing: Cbus Property derives recurring revenue from leasing premium-grade commercial office space to corporate tenants in its completed investment portfolio. Tenants include major financial institutions, law firms, and professional services companies on long-term lease agreements with periodic rent reviews.
2. Residential Property Sales: One-time sale of luxury residential apartments and penthouses to individual buyers. Revenue is recognized at settlement. Targeting high-net-worth purchasers and investors in Sydney, Melbourne, and Brisbane markets.
3. Retail Precinct Leasing: Leasing of ground-floor and lower retail tenancies within mixed-use developments to hospitality, food & beverage, and lifestyle operators, including partnerships with restaurateurs such as Chris Lucas / Lucas Restaurants.
4. Property Management Services: Ongoing property management fees generated from managing owned investment assets including commercial office towers and retail precincts.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Cbus Property is an integrated property investor and developer that develops and owns premium-grade commercial office towers, luxury residential apartments, and mixed-use precincts across Australia's major east coast capital cities. The company delivers sustainable buildings targeting 5-6 Star Green Star certification, high NABERS energy ratings, and net-zero carbon outcomes. It generates revenue through long-term commercial leasing to corporate tenants, one-time sales of residential apartments to high-net-worth buyers, and ongoing property management of its $7.8 billion+ portfolio.

Product overview

Cbus Property is an integrated property investor and developer operating a diversified portfolio of commercial office, residential, and mixed-use developments across Australia. The company manages a $7.8+ billion property portfolio with $3.4 billion in development work. Key products include: premium commercial office towers such as 435 Bourke Street ($1.1bn, Melbourne), 205 North Quay ($600m, Brisbane), Nine The Esplanade (Perth), and 121 Castlereagh (Sydney); luxury residential developments including 111 Castlereagh (Sydney), 443 Queen Street (Brisbane - Australia's first 6 Star Green Star residential), and 185 Wharf Street (Brisbane); masterplanned residential communities such as Newmarket Randwick (Sydney, 642 dwellings) and The Langston Epping (Sydney, 462 apartments); and boutique residential collections including Como Terraces (Melbourne, 39 residences) and Holme (Melbourne, 152 apartments). The company also holds completed assets like 83 Pirie Street (Adelaide - carbon-neutral-ready), 1 Bligh Street (Sydney), and 313 Spencer Street (Melbourne). Sustainability is integral to all developments with targets including 6 Star Green Star, Platinum WELL certification, and net zero carbon operations.

Differentiator

Problem solved

Functional benefit

Products and services

• 111 Castlereagh Luxury mixed-use development featuring 98 prestige residences appearing to float above a heritage podium, with exclusive rooftop gardens and views of Hyde Park and Sydney Harbour. Targeted at high-net-worth residential buyers and includes premium commercial/retail space.
• 121 Castlereagh Premium-grade office space comprising 11,500 sqm across six levels with central sculptural atrium, flexible floor plates, and heritage sandstone facade restoration, targeting 6 Star Green Star Office Design certification and Platinum WiredScore/WELL certification.
• 435 Bourke Street Melbourne $1.1 billion, 48-level next-generation office tower with world-first solar skin facade, targeting 6 Star Green Star Buildings rating, Platinum WELL certification, and 5.5 Star NABERS Energy rating. Anchored by Commonwealth Bank with Chris Lucas / Lucas Restaurants as ground-level hospitality tenant.
• 185 Wharf Street Premium residential tower with 125 large-format residences across 30 levels, featuring 1,400 sqm subtropical elevated garden retreat and wellness-focused resort-style amenities.
• 205 North Quay $600 million, 30-level, 43,700 sqm premium-grade office tower exemplifying subtropical architecture with Brisbane's first whole-floor wellness facility including 25-metre lap pool.
• Nine The Esplanade 19-storey premium office tower in Perth's Elizabeth Quay precinct with approximately 33,583 sqm of space, targeting 6 Star Green Star Design & As Built rating, achieved 5.5 star NABERS Energy rating and IWBI WELL Gold Core Certification.
• Newmarket Randwick Masterplanned community with 642 residential dwellings across 17 buildings spanning 3 to 8 storeys, including apartments, Torrens Title terraces, and strata terraces with 3,300 sqm commercial/retail.
• 443 Queen Street 47-storey residential tower with 264 apartments on Brisbane's last remaining CBD riverfront site, designed by WOHA with natural ventilation and cross-flow design, Australia's first 6 Star Green Star residential building.
• 83 Pirie Street 22-level PCA A-Grade office tower in Adelaide's CBD, Adelaide's first all-electric, carbon-neutral-ready building with 100-kilowatt onsite solar system and Platinum WELL Core & Shell certification.
• 1 Bligh Street Sydney 29-storey, 43,419 sqm commercial office tower with double skin facade, first use of external louvers in Australia, featuring tri-generation and blackwater systems, and 6 Star Green Star Office As Built v2 certification.
• 313 Spencer Street Melbourne Purpose-built 12-level A Grade commercial office building with Victoria Police - City West Police Complex comprising approximately 29,500 sqm NLA.
• The Langston Epping Mixed-use precinct comprising three towers with 462 premium apartments, 2,000 sqm activated retail space, and 2,500 sqm communal open space located 100 metres from Epping train station.
• Holme Collingwood 14-level residential tower with 152 spacious apartments in Collingwood, Melbourne, featuring retained art deco brick facade and sculptured glazed tower design.
• Como Terraces South Yarra Boutique collection of 39 modernist residences across eight low-rise buildings on Alexandra Avenue in South Yarra, achieving 6.6 star average NatHERS rating with energy consumption 40% less than standard apartments.

Quantifiable outcome

• 5 Star Green Star certification achieved across flagship developments
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• Hutchinson BuilderscoreImplementation/ SI/ Consulting PartnerHutchinson Builders serves as the principal building contractor and delivery partner for multiple Cbus Property development projects including the $700 million+ 205 North Quay tower in Brisbane and 185 Wharf Street Brisbane. As the delivery contractor, Hutchinson Builders is responsible for construction execution, program delivery, and quality outcomes on these flagship projects.
• EurestminorImplementation/ SI/ Consulting PartnerEurest is engaged as the workplace hospitality partner for the 205 North Quay retail precinct in Brisbane. Eurest provides food, beverage, and hospitality services for the commercial tower's ground-level retail and amenity areas, enhancing the tenant and visitor experience within the development.
• Scentre GroupcoreStrategic or Co-development PartnerCbus Property and Scentre Group have formed a partnership for the mixed-use development at 111 & 121 Castlereagh Street in Sydney. The collaboration combines Scentre Group's retail and place-making expertise with Cbus Property's commercial and residential development capability to deliver an integrated retail, commercial, and residential tower in the Sydney CBD.
• Brookfield PropertiescoreStrategic or Co-development PartnerBrookfield Properties and Cbus Property entered into a co-development partnership for Nine The Esplanade in Melbourne, a prime waterfront commercial development. The partnership leverages Brookfield's global real estate platform and development expertise alongside Cbus Property's local market knowledge and superannuation-backed capital.
• Lucas Restaurants (Chris Lucas)coreOthersCelebrity restaurateur Chris Lucas and his Lucas Restaurants group are a flagship hospitality tenant at Cbus Property's 435 Bourke Street Melbourne tower. Lucas operates high-profile restaurant venues within the commercial tower's ground-level hospitality precinct, anchoring the retail and lifestyle offering of the development.
• Sterling GlobalminorOthersSterling Global is a partner on the Como Terraces development in Melbourne, a heritage-listed riverfront mixed-use project. Sterling Global's involvement relates to the development and delivery of the Como Terraces site as a mixed-use residential and hospitality precinct along the Yarra River.

Scale indicators8 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Mirvac: Mirvac is an ASX-listed Australian integrated property developer and investor with premium office, residential, and mixed-use developments concentrated in Sydney, Melbourne, Brisbane, and Perth. Mirvac is the closest direct peer to Cbus Property given similar portfolio composition, focus on premium-grade assets, sustainability credentials, and Australian east coast geographic concentration.
• GPT Group: GPT Group is an ASX-listed Australian property investor and developer with major office, retail, and logistics assets concentrated in Sydney and Melbourne CBDs. GPT is directly comparable to Cbus Property for its premium-grade office portfolio and long-term asset ownership model, though GPT is a publicly listed REIT rather than a developer-led platform.
• Dexus: Dexus is an ASX-listed Australian institutional property manager and developer with a substantial office portfolio in Sydney, Melbourne, Brisbane, Perth, and Adelaide. Dexus is directly comparable as a Grade A office-focused investor/developer with sustainability-led positioning and major CBD office exposure, similar to Cbus Property's premium commercial core.
• Frasers Property Australia: Frasers Property Australia (part of Frasers Property Limited, Singapore-listed) develops residential, commercial, and mixed-use projects across Australian east coast markets. Comparable to Cbus Property for premium residential and commercial development activity in Sydney, Melbourne, and Brisbane, though Frasers is part of a broader Asian platform.
• ISPT: ISPT is one of Australia's largest industry superannuation fund property investors, owned by AustralianSuper, Cbus Super, and other industry funds. Highly structurally comparable to Cbus Property as a super-fund-backed property investment platform, though ISPT is diversified across office, retail, industrial, and logistics rather than focused on development.

Broad incumbents

• Stockland: Stockland is one of Australia's largest diversified property developers with masterplanned communities, retail centres, office, and logistics assets. While Stockland operates at greater scale and with a broader portfolio mix (including retail and logistics), it is comparable as a major Australian institutional developer of residential and mixed-use projects in similar geographies.
• Charter Hall: Charter Hall is an ASX-listed Australian property investment and development group with major office, industrial, retail, and social infrastructure assets. Comparable to Cbus Property as an institutional-grade commercial property developer/investor with sustainability credentials, though Charter Hall is broader across asset classes and geographies than Cbus Property.
• Brookfield Properties (Australia): Brookfield Properties is a major global real estate investor and developer with significant Australian commercial office exposure and a co-development partner on Nine The Esplanade with Cbus Property. Comparable as a premium-grade office developer with sustainability focus, though operating at global institutional scale.
• Lendlease: Lendlease is one of Australia's largest diversified property developers and investors with significant commercial, residential, and mixed-use development exposure across Australia and globally. Highly comparable as a major institutional-grade developer with mixed-use portfolios, though Lendlease operates at much larger scale and broader geographic reach than Cbus Property.

Regional players

• Grocon: Grocon is a privately held Australian property developer known for large-scale, architecturally significant commercial and mixed-use developments in Sydney and Melbourne CBDs. Comparable to Cbus Property for premium CBD commercial development activity with strong design credentials, though Grocon is more concentrated in NSW/Victoria and has historically focused on commercial and mixed-use over residential.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cbus-property
• Instagraminstagram.com/cbusproperty
• Xx.com/cbusproperty

Compliance28 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cbus Property