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NABERS performance up across COF’s portfolio

Australia’s largest listed pure-play office fund, Centuria Office REIT (ASX: COF), has improved its NABERS Sustainable Portfolio Index (SPI) rating to 5.1 stars for energy and 4.2 stars for water during the 2025 calendar year, representing a considerable improvement across a 12-month period from 4.9 stars and 3.9 stars, respectively.

NABERS, an acronym for the National Australian Built Environment Rating System, is a federal government-backed program that measures the environmental performance of Australian buildings and tenancies across energy, water, waste and indoor environment quality. The NABERS SPI rating summarises the performance of a portfolio for a given environmental category.

Between calendar years 2024 and 2025, initiatives implemented across the COF portfolio included:

  • 53% of COF’s portfolio is electrified including 100% of its Queensland assets
  • 0.5kW solar systems installed bringing the total across COF’s portfolio to 1.6MW1
  • 4-star GRESB rating for 2025, reflecting an improved score of 87 (2024 score: 81 and 3-star)
  • Published FY25 voluntary Climate-related Disclosures for Centuria Capital Group.

Belinda Cheung, COF Fund Manager, said, “Today’s customer tenants are seeking modern, sustainable office buildings that incorporate meaningful sustainability features to not only reduce utility costs but help them actively contribute to reducing Greenhouse Gas (GHG) emissions. Sustainable environmental practises are the responsibility of every corporate citizen, and COF works together with its tenants to achieve measurable outcomes for the betterment of our future.”

COF has identified specific ESG targets to help it contribute to the lowering of GHG emissions, namely:

  • Targeting zero scope 2 emissions by 20282
  • Targeting the elimination of gas and diesel in operations (scope 1) where practicable by 20353
  • Targeting a portfolio-wide Green Star performance v2.0 rating.

Through proactive asset, property and facilities management, the REIT has a program to identify where it can contribute to improving its portfolio’s sustainability credentials. Below is an outline of the high-performance COF has achieved across its assets as at 31 December 2025.

StreetSuburbStateNABERS Energy rating
8 Central AvenueEveleighNSW5.0
203 Pacific HighwaySt LeonardsNSW5.0
9 Help StreetChatswoodNSW5.0
77 Market StreetWollongongNSW5.0
201 Pacific HighwaySt LeonardsNSW4.0
818 Bourke StreetDocklandsVic4.5
101 Moray StreetSouth MelbourneVic4.0
2 Kendall StreetWilliams LandingVic5.5
584 Swan StreetRichmondVic5.5
825 Ann StreetFortitude ValleyQld5.5
100 Brookes StreetFortitude ValleyQld5.5
154 Melbourne StreetSouth BrisbaneQld5.5
485-517 Kingsford Smith DriveHamiltonQld5.5
NISHI, 2 Philip Law StreetCanberraACT5.5
60 Marcus Clarke StreetCanberraACT4.5
William Square, 235 William StreetNorthbridgeWA6.0
144 Stirling StreetPerthWA5.0
42-46 Colin StreetWest PerthWA5.5
57 Wyatt StreetAdelaideSA5.5

  1. Excluding solar installations by COF tenants
  2. COF will account for zero scope 2 emissions by being powered by the equivalent of 100% renewable electricity through a combination of onsite solar and large scale generation certificate deals which match our consumption. The zero scope 2 target applies to scope 2 emissions for existing assets that fall under the operational control of COF
  3. COF will focus on eliminating gas and diesel where practicable, from equipment owned and operated by COF. Gas and diesel equipment owned and operated by our tenants is excluded from Centuria’s emission reduction target