SUPER REVIEW – WEDNESDAY 1ST  MARCH 2006

BIG building and construction industry fund Cbus has established a new division which will deal with direct property investments.
Cbus Property, which was formed in early March, will have its own board of directors and be responsible for Cbus' involvement in property developments nationally, as well as its other direct property investments.

The chairman of Cbus property, Mark Ford, said the company would be a developer and investor fundamentally focused on the long-term commercial return of all direct property investment.
“Cbus has previously undertaken projects across Australia including Sydney, Adelaide, Canberra, Hobart and regional areas, and we are keen to continue undertaking a diverse range of major developments,” he said.

Ford said that Cbus' current property developments include the $1.2 billion Breakfast Point urban renewal project in Sydney in a joint venture with Rosecorp, and another joint venture with Trafalgar Corporate developing the Frances Park residential project in Darwin.


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