"Lendlease fund sets 2025 net zero carbon target."

Melbourne Quarter buildings project (Source TheFifthEstate)

“Lendlease’s Australian Prime Property Fund Commercial (APPFC) will become net zero carbon by 2025, one of the tightest targets set in the property sector. The goal is being supported by the Clean Energy Finance Corporation (CEFC), which has tipped $100 million in equity into the $4.5 billion commercial property fund.”

“The investment would help Lendlease meet the new industry benchmark for carbon targets while specifically helping the Melbourne Quarter development pursue a precinct-wide energy solution, including the integration of energy efficiency, renewables, storage and virtual network technologies across multiple buildings.”

There will also be a tenant engagement component. There is a trend towards smart data, tenant engagement and whole-of-building approaches, and part of the deal struck with CEFC was that learnings would be shared with the wider industry. CEFC finance is helping developers forge new standards in sustainability and building design across the built environment.

“The Lendlease-masterplanned Melbourne Quarter is targeting 6 Star Green Star ratings for all commercial buildings and will host one of the city’s largest solar installations. The first stage is set to be completed this year, and when all stages are completed will accommodate 13,000 workers and 3000 residents.”

Read more:
Lendlease fund sets 2025 net zero carbon target. TheFifthEstate, March 29, 2018.
Melbourne Quarter precinct the centrepiece of new CEFC and Lendlease sustainability plans. Clean Energy Finance Corporation, March 29, 2018.