Sustainability is a vital part of our investment criteria, both in the attributes of existing assets and the opportunities for sustainable asset management:

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• Achieved GRESB certification & completed first submission

• Assets are evaluated to see whether they meet our ESG requirements: average 4.3* NABERS in Australia

• Green loan provisions included in refinancing of Melbourne assets in 2020

• Focus on gateway cities limits systemic exposure to environmental risks

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Actively managing for sustainability

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At 850 Collins Street, Melbourne, we are undertaking a project to install solar photovoltaic panels that will generate 110kW of energy.

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• Capital cost of A$250,000

• IRR of 15% with payback over 6–7 years

• Target to achieve a 5* NABERS rating (from 4.5*)