Sustainability Cbus Property | Broadcast April 2024

Sustainability in Cbus Property’s residential portfolio

At Cbus Property^*, sustainability has been integrated into our investment management approach from day one. From acquisition to management, we assess key sustainability risks, including climate, environment and community.

As part of our residential strategy, Cbus Property has signed up to the Green Building Council of Australia’s Future Homes program because we are determined to lead in this sector.

Our extensive market research has confirmed that Australians are looking for sustainable homes. They want comfort, health, lifestyle, amenity and efficiency – all hallmarks of high-quality, sustainable homes.

At the same time, buyers – especially those purchasing off the plan – equate sustainability with quality and longevity. Off-the-plan purchasers say trust in the developer is one of the top two driving factors of their decision. We know there is a clear link between trust and verified sustainability, which is why we have set Green Star rating targets for all new projects and will have those targets independently verified.

In August 2022, we launched the fifth release in our Newmarket Randwick multi-stage master-planned community in Sydney’s eastern suburbs. The Chiltern Collection comprises 11 three- and four-bedroom multi-storey terrace homes, due for completion in late 2024.

Our $300 million 17 Spring St residential development in Melbourne’s CBD reached practical completion in March 2023. The Bates Smart design sits comfortably in its surroundings, and despite the challenges of COVID-19, more than 2,000 jobs were created on site throughout construction.

In a prime position on the edge of the river in Brisbane’s CBD, 443 Queen St reached completion in late 2023 and settlements commenced shortly afterwards, with Andrew McConnell’s highly anticipated Supernormal restaurant to open in the street-level retail space in mid-2024. This development was designed to challenge typical apartment typology and maximise natural light, fresh air and Brisbane’s subtropical climate.

Solar benefits at Como Terraces

Como Terraces in South Yarra proved the perfect design for the introduction of world-first technology developed by Melbourne-based Allume.

Allume’s SolShare breaks down the technical and ownership barriers that have historically prevented apartment residents from accessing cheaper and cleaner energy from the sun. SolShare shares solar energy from a single rooftop solar system among multiple dwellings within the same building.

Installing SolShare at Como Terraces allowed us to increase the solar capacity from around 14kW to 90kW. This means we can provide around 2kW of solar power to each residence, as well as to common areas.

Como Terraces was designed to achieve an average 6.6 star NatHERS rating, and with its extra solar capacity, the energy consumption of each unit is 40 per cent less than standard energy consumption for apartments.

^*Cbus Property Pty Ltd is a wholly-owned entity of Cbus Super and is responsible for the development and management of a portfolio of Cbus Super’s property investments.