21 June 2012 – The City of Melbourne and Sustainable Melbourne Fund have released fact sheets on three properties that have been retrofitted under environmental upgrade finance. The fact sheets highlight targeted energy and emissions savings and other key project details.
The properties are: Kings Business Park At 80–100 Dorcas St & 99–111 Coventry St, South Melbourne, owned by the Asian Pacific Group; 460 Collins Street, Melbourne, owned by Varga Brothers; and 123 Queen Street, owned by Eighth Grange.
Total value of the retrofits that include installation of a trigeneration system, high efficiency chillers, cooling towers, lighting system upgrades, heating and air conditioning units and controls, occupancy sensors and double glazing, is $4.9 million.
Sustainable Melbourne Fund chief executive Scott Bocskay said: “The key missing ingredient for building owners making their buildings energy and water efficient to date has been access to capital. Environmental upgrade finance overcomes this barrier through a major rethink of how to approach financing a building upgrade – making it a powerful tool for cutting energy and water use and therefore costs.
“Building owners can now look beyond traditional sources of funding to make their buildings higher performing and share the costs and benefits with their tenants. Environmental upgrade finance puts energy and water efficiency within the reach of more building owners and occupiers.”