Some of the hardest hit by the COVID-19 outbreak are our business owners, particularly those in small and medium-sized organisations.
Cbus Super, Australia’s leading Industry Super Fund for the building and construction industry, has a proud history of investing back into the industry and creating jobs for its members through Cbus Property#.
Now, more than ever, Cbus’ commitment to investing in Australian projects and developments will be vital as Australia continues on its road to economic recovery.
Since March 2020, Cbus has committed over $950 million to Australian businesses through equity raising, debt finance and project financing. An extra allocation to the Cbus debt portfolio means Cbus now has a further $850 million in additional capital to invest in companies and project finance.
The fund has committed over $240 million in general corporate debt to Australian businesses and a further commitment of $260 million into debt funding for construction projects across Sydney and Melbourne including:
- funding of $160 million for the development of over 390 new apartments and associated retail and commercial facilities over two locations in South Melbourne and the inner North East of Melbourne;
- $100 million in a NSW based construction facility for a residential project close to the Sydney CBD.
In addition, Cbus has also injected over $450 million into quality Australian companies that were raising capital to continue operating and employing into the recovery.
More projects and investments ahead
Over the next 12 months, Cbus will continue to actively look for opportunities that create strong returns and jobs for its members, playing an important role in Australia’s economic recovery and supporting our members’ financial wellbeing during their working lives and into retirement.
Learn more about Cbus’ role in the road to recovery here.
This update was brought to you by Cbus, the industry super fund for building, construction and allied industries.
# 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.
This information is about Cbus and doesn’t take into account your specific needs. You should look at your own financial position, objectives and requirements before making any financial decisions. Read the relevant Cbus Product Disclosure Statement to decide if Cbus is right for you. Call 1300 361 784 or visit cbussuper.com.au for a copy.
Cbus’ Trustee: United Super Pty Ltd ABN 46 006 261 623 ASFL 233792 Cbus ABN 75 493 363 262