6 star NABERS rating achieved across two WA office assets
Joondalup House and 1060 Hay Street demonstrate strong ESG credentials
Centuria is pleased to confirm another two office assets located across Greater Perth recently received a 6 star National Australian Built Environment Rating System (NABERS) Energy rating, reflecting strong ESG credentials and the company’s focus on providing sustainable workplaces for its customer tenants.
The assets include 1060 Hay Street, West Perth, and Joondalup House, located at 8 Davidson Terrace. They join Prime House, which has maintained its 6 star NABERS energy rating since the building was opened in 2018.
1060 Hay Street has progressively increased its NABERS energy rating from a 5 star rating in 2021 through a series of improved operating practices and increased leasing activity, resulting in an 86% occupancy.
Joondalup House also increased its NABERS energy rating from 5 stars, following the implementation of several energy efficiency initiatives including the installation of a renewable energy solar system in March 2023 as well as targeted mechanical upgrades.
Nick Hunt, Centuria General Manager WA, said, “Centuria is committed to sustainable practises that reduce our impact on the natural environment and positively contribute to the social welfare of the communities in which we operate. Earlier in 2023, the Group, along with its listed Real Estate Investment Trusts (REITs), announced measurable targets.
“Specifically, the WA Centuria Property Services team ensures our office assets are best placed for the future, which means targeting the highest possible NABERS energy rating appropriate for each property. To this end, most of our office buildings have tailored NABERS energy improvement plans that are currently being implemented. NABERS improvements and energy efficiency always remain at the forefront of our proactive asset management.”
Centuria Capital Group is targeting zero scope 2 emissions with 100% of its portfolio’s scope 2 electricity sourced from the equivalent of 100% renewable electricity by 2035 while Centuria’s listed REITs’ target is zero scope 2 emissions by 2028. The Group and Centuria Office REIT (ASX:COF) are also focused on eliminating gas and diesel in operations, where practicable, by 2035.
Where possible, Centuria’s WA office portfolio is examining solar system installations across suitable properties. Currently, five commercial assets are expected to receive solar installations adding another 420 kW of renewable energy to the portfolio.