‘Not spooked’: Cbus chairman Wayne Swan doubles down on property
Cbus chairman Wayne Swan says the $85 billion fund’s property portfolio has proven resilient to higher interest rates and the fallout of the pandemic even though plummeting office valuations have led other investors to abandon commercial real estate investments.
While the value of Cbus’ property option fell by 2.8 per cent in the three months to September 30, the former Labor treasurer said the investment had delivered average annual returns of 14 per cent since ts inception.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Economy
Fetching latest articles