Reaching new heights at 435 Bourke Street

Celebrating a major construction milestone

A major construction milestone has been reached in Melbourne’s CBD at 435 Bourke Street, one of Cbus Property’s¹ latest commercial office developments. The building has officially topped out. This means the building has reached its highest point and the ceremony marks an important moment in the construction journey. It recognises the skill, teamwork and dedication of the people bringing this landmark project to life, including our members employed on site.

Built by our members, for our members

One of the benefits of investing through Cbus Property is seeing our members working on Cbus Property projects.
Among them is Greg Koh, a Multiplex crane driver and member of the Fund, who has helped guide 435 Bourke Street from a hole in the ground to a defining feature of Melbourne’s skyline. 

Greg joined Cbus Property’s Chief Executive Officer, Chris Kakoufas, and renowned Australian hospitality entrepreneur, Chris Lucas, on 7NEWS Australia to mark the topping out and reflect on what the milestone means for workers on site.

Supporting jobs and the real economy

Throughout construction, 435 Bourke Street has been a powerful source of employment for our members and the broader construction workforce.

Due for completion later this year, it’s expected to have supported around 3,500 jobs, with an average of 300 workers on site each day and up to 490 workers during peak construction periods².

Redefining the future of office

435 Bourke Street isn’t just another office tower. It has been designed as a next‑generation workplace that responds to how people want to work now and into the future.

The building sets a new benchmark for sustainable office design in Australia and features an innovative solar skin façade, one of a few of its kind globally. The solar skin will generate up to 20 per cent of the base building’s energy on site, supported by an off-site renewable electricity agreement to power the tower with 100 per cent renewable electricity.

435 Bourke Street is set to introduce a dynamic retail offering, including two new Lucas Collective restaurants, further contributing to the city’s vibrant hospitality and cultural scene.

Supporting long-term performance

435 Bourke Street will be one of Cbus Property’s most technologically advanced office towers to date. This all-electric, premium-amenity workplace has attracted a range of high-profile tenant partners, demonstrating how investing in innovation can power our members’ long-term returns.

Boasting some of the city’s best 360-degree views from its highest floors, this new addition to Melbourne’s skyline reflects the strength of Cbus Property’s long‑term investment performance. Since its inception, Cbus Property has delivered an average return of 12.54% p.a.³, contributing to our Fund being recognised as a top‑performing super fund over the long term⁴.

¹ Cbus Property Pty Ltd is a wholly owned entity of United Super Pty Ltd and is responsible for the development and management of a portfolio of Cbus Super's property investments.
² As at 22 April 2026.
³ Since inception in 2006 to 30 June 2025. Cbus Property investments are part of the property asset class in the High Growth, Growth Plus, Growth, Conservative Growth, Conservative and Property investment options, and these investment returns form part of the crediting rates allocated to accounts invested in these investment options. Past performance is not a reliable indicator of future performance.
⁴ The Growth (MySuper) investment option obtained a top quartile performance ranking over 10 and 15 year periods from the SuperRatings FCRS SR Balanced (60-76) Index, for the period ending 31 March 2026. Media Super merged with CBUS on 9 April 2022 and as a result, pre-existing Media Super investment options were closed and Media Super members were transferred to equivalent Media Super branded investment options under United Super Pty Ltd. Historical performance prior to this date relates to CBUS investment options and does not incorporate the performance of Media Super. Media Super members received a Successor Fund Transfer Exit Statement prior to merging with CBUS, detailing the performance of their Media Super investment options. SuperRatings is a rating agency that collects information from super funds to enable performance comparisons - visit www.superratings.com.au for details of its rating criteria. Past performance is not a reliable indicator of future performance.