Environment

The environment is a key focus area for Centuria and we are dedicated to minimising our impact by proactively and continuously improving our environmental performance.

Energy and emissions

We are committed to energy efficiency and will continue to focus on the key initiatives to minimise our carbon footprint. Initiatives are set with consideration of Centuria’s unique real estate funds platform and aimed at maximising value for our customers. Some of these initiatives include:

  • Upgrading the NABERS Energy ratings of our listed and unlisted asset portfolios
  • Identifying Green Star certification opportunities in our development pipeline
  • Carrying out type 2 energy audits in accordance with the requirements of AS/NZS 3598.1:2014
  • Enhancing energy consumption monitoring at an asset level
  • Increasing the adoption of renewable energy
  • Smart design and building analytics
  • Upgrading base buildings.

While optimising our energy efficiency is a key focus, we also strive to use clean energy across our portfolio. Currently, renewable energy from the solar panels is used across our office and industrial portfolios. We have embarked on a journey to increase the adoption of renewable energy and we will explore ways to do so by increasing onsite renewable energy generation.

Case studies

Case study: 1 Richmond Road, Keswick, SA

1 Richmond Road Keswick SA

NABERS ENERGY RATING: 5.5

1 Richmond Road, Keswick, South Australia is one of our flagship properties for energy efficiency with a 5.5 Star Energy rating. This milestone is a result of continuous improvement over a span of around five years taking the building’s NABERS energy rating from 3 Stars in FY16 to 5.5 Stars in FY21.

A Type 2 energy audit conducted in 2017 identified a list of opportunities to improve the operational energy performance of the property which included use of energy efficient LED lighting, replacement of old chiller plant equipment with an energy efficient chiller and the upgrade of boilers with high efficiency condensing boilers. Through persistent efforts and implementation of these recommendations, the emissions (Scope 1 and Scope 2) attributed to the building have almost halved in 2021 compared to its emissions in 2017. This property now serves as an internal benchmark in our portfolio and sets a success story for us to adopt and replicate across any other building upgrade.

“THE RICHMOND ROAD OFFICE BUILDING IS EXEMPLARY
OF CENTURIA’S ASSET MANAGEMENT CAPABILITIES
TO DRIVE AND DELIVER SOLID VALUE NOT ONLY TO
OUR INVESTORS BUT OUR CUSTOMER TENANTS AND
THE WIDER COMMUNITY.”

– Jason Huljich, Centuria Joint CEO

Case study: 42 Hoepner Road, Bundamba, Qld

42 Hoepner Road Bundamba Qld
5-Star Green Star Industrial Property

In June 2021, Centuria opened one of Australia’s first 5-star Green Star – Design & As Built Certified Industrial buildings under the Green Building Council Australia’s (GBCA) new rating guidelines v1.3. The version 1.3 Design Review Certified Rating is one of the most onerous and comprehensive guidelines provided by GBCA, which means few have achieved this status.The property’s green features include:

  • A 99kw solar panel system
  • Water recycling/rain harvesting system for landscape irrigation and toilets/ urinals
  • Drought-resistant vegetation landscape
  • Double-glazed windows
  • Motion and daylight lighting controls
  • Low wattage LED lamps
  • Sub-metering monitoring installation
  • Web-based environmental management portal to monitor energy and water metering
  • Recycled materials including steel fibres within the concrete mixture, which reduces the requirement for new steel structures, recycles existing steel material, and therefore minimises material usage and wastage (embodied carbon).

“CENTURIA WILL CONTINUE TO DEVELOP QUALITY ASSETS
AND ADD VALUE TO ITS EXISTING INDUSTRIAL ASSETS
FOR ITS INVESTORS. THE BUNDAMBA AREA IS ATTRACTING
SIGNIFICANT, GLOBAL COMPANIES AND IN ORDER TO
ATTRACT LIKE-COMPANIES, WE WANTED TO DELIVER AN ASSET
THAT IS SUSTAINABLE NOW AND WELL INTO THE FUTURE.”

– Andre Bali, Centuria Head of Development

You are now leaving Centuria Australia
and entering Centuria New Zealand.

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