Centuria Healthcare continues to look at the roll out of solar panel installations at a number of properties in the portfolio, and we will be looking to expand this throughout 2021. Other environmental initiatives are being implemented including water harvesting through the installation of tanks to deliver water savings for irrigation of gardens. A further review of energy and water consumption is also being undertaken, capitalising on the Centuria economies of scale, to ensure competitive pricing and the efficient use of utilities, ensuring sound environmental governance.
The renewal of the Centuria Healthcare insurance policy will again be conducted in conjunction with the broader Centuria office and industrial portfolio. It is anticipated that this combined portfolio offering will deliver strong pricing and favourable commercial terms, resulting in a reduction in property expenses.