CBUS – realestatesource

The West Australian government has announced a $580 million redevelopment of Perth’s old Treasury building. The redevelopment will include a

Victoria

CBUS Property Buys Former North Brighton Croquet Club

October 13, 2010 Marc Pallisco brighton, Brighton Development Site Sale, CBUS, Melbourne development site sale

CBUS Property, a subsidiary of industry superannuation fund CBUS, has seized control of one of bayside Melbourne’s most controversial development sites – the disused North Brighton Croquet Club, in Warleigh Grove.

CBus, which represents workers in the construction and building industry, has paid $18.6 million for the 9015 square metre site and, having grabbed the mallet proverbially, immediately pitched plans to build a high-end, high-density residential complex with flats and townhouses.

The completed product could have an end value of more than $150 million, sources speculate, making it one of the biggest projects to start construction in Melbourne’s bayside suburbs.

Victoria

CBUS to Build New NAB Office at Docklands

September 19, 2010 Marc Pallisco CBUS, Docklands, Docklands office lease, National Australia Bank

DEVELOPER CBus Property has secured the National Australia Bank as tenant for an as-yet-undeveloped office in Docklands.

The 61,000 square metre, 15-level tower is set to be developed at 700 Bourke Street, and near National Australia Bank’s world headquarters, on Victoria Harbour (at 800 Bourke Street) which it first committed to a decade ago.

The new building will also include a child care centre, and retail, according to a CBUS media release, and published on the Melbourne Docklands website.

Victoria

CBUS Buys Half Share in 171 Collins Street Development

March 17, 2010 Marc Pallisco CBUS, charter hall, Collins Street, institution, macquarie, Melbourne CBD development site sale, Melbourne CBD office

AS reported in The Age last year, CBUS Property has confirmed it is the mystery buyer of a half share interest in Melbourne’s 171 Collins Street development.

CBUS has paid Sydney-based owner Charter Hall $15.5 million, to take its share in the $280 million office development, which challenged a previous planning precedent, restricting height around the “Collins Street spine”.

It’s understood the developers are targeting the National Australia Bank which has a 40,000 to 60,000 square metre requirement in the market at the moment.