18 September 2012 —Australand Property Group’s Keysborough Spec 1 development, in Victoria, achieved a 5 Star Green Star – Industrial Design v1 rating, the 500th Green Star project certified by the Green Building Council of Australia.

The rating is for an industrial development, comprising two warehouses and office space, has 27,000 square metres of floor space.

Australand sustainability manager Paolo Bevilacqua said the rating demonstrated how market transformation was extending beyond the office sector.

“For Australand, this Green Star certification gives us assurance that we’re ‘future proofing’ our asset, as well as reducing occupancy costs for our customers,” he said.

“We believe this will give us and our customers a competitive edge in the market as utility costs continue to rise.”

The Green Star rating system for buildings was started in 2003.

GBCA chief executive Romilly Madew said Green Star had radically transformed the footprint of Australia’s cities.

“These 500 building projects equate to eight million square metres of Green Star-certified building space around Australia – from offices to retail centres, and from schools to hospitals,” she said.

“This transformation has occurred through true market leadership. Leading by example has pushed our industry from a ‘business as usual’ mentality to the forefront of green building expertise and innovation.

“With 500 building projects now under our belt, the emerging leaders in the industry are those companies making a portfolio or precinct-wide commitment to Green Star.”

Ms Madew said there were more than 500 projects registered to achieve Green Star ratings in the future.

“Around Australia, governments are mandating Green Star for new schools, hospitals and large-scale developments because they know Green Star buildings are healthier, more productive and better long-term assets,” she said.

“Developers are driving higher green benchmarks with each new project they undertake.  Building owners are insisting on Green Star ratings for all new acquisitions because they are more efficient and cost-effective.

“Tenants are demanding Green Star to reinforce their brands, and attract and retain their most valuable employees.  And people are telling us they want to live in a Green Star community.”