Cbus Property has built a strong position in the property investment and development sector during our 15-year history, growing from a portfolio of $0.5 billion in 2006 to $5.0 billion in 2021. We have also delivered strong returns to members through our contribution to the return members receive through Cbus Super. This year, we delivered an 11.40% return to our members, which was 3.07% above the MSCI / Mercer Australia Core Wholesale Monthly Fund Index of 8.33% and continued our history of strong returns, delivering an average of 15.30% per annum throughout the past 10 years; 14.58% per annum throughout the past five years; and 15.01% per annum since inception. Furthermore, Cbus Property developments have created more than 100,000 jobs since 2006. Key to our continued strong performance has been the development of a business model, which is designed to adjust to the market events prevailing at any time. This is evidenced by our history of undertaking developments in different property sectors, including office buildings, residential apartments and townhouses, hotels and retail. Our agile business model continuesArtist impression of Cbus Property's Como Terraces residential project in to be our point of difference, supported by an officeSouth Yarra, Melbourne investment portfolio approximately 52% committed to government-related tenants on long-term leases, Performance an increase from 40% last year, providing a consistent income stream for members of the Fund. This income stream also underpins our business, enabling us to sourceYear to 30 June 2021 further development opportunities throughout Australia. Sourcing quality development opportunities has beena key theme in 2021, with demand continuing for high-end 11.40%Financial performanceof Cbus Property residences in prime locations, such as 111 Castlereagh, which is being developed above the former David Jones menswear building in Sydney’s CBD. Our residential developments have seen strong buyerSince inception (p.a.) demand in recent months, with media coverage highlighting Financial performance the sales success, including $66 million secured for the 15.01 of Cbus Property three luxury residencesat 111 Castlereagh in Sydney; and two whole-floorof ThePenthouse Collection %since inception residences sold for $25 million at 17 Spring St in Melbourne. Responding to the pandemic COVID-19 has dominated the headlines and the thoughts of all in the property market since it was firstJobs created identified in early 2020. However, we have been able 100 Across Australia to respond to those challenges and deliver a second K since Cbus Property’s year of strong returns during the pandemic. inception in 2006 Annual Integrated Report 2021 51