Michael Cameron
Michael Cameron

12 July 2010 โ€“ The GPT Group last week launched the upgrade to its premium-grade office building at 530 Collins Street in Melbourne to an early morning crowd of about 100 people.

The tower is expected to score 5 stars for NABERS Energy after a major refurbishment that includes one of Melbourneโ€™s few co-generation plants on its podium roof, and a refurbishment that comes complete with performance contract over the plant, the lighting and new water-efficient cooling towers.

GPT chief executive officer and managing director Michael Cameron said the upgrade to 530 Collins Street was proof
that a landmark building of such stature could also โ€œlead the market in terms of energy efficiency, maintain its
market leadership position, remaining relevant to customers.โ€

โ€œSpace in this high performing asset continues to be sought after by socially responsible, market leading tenants,โ€ Mr Cameron said.

โ€œThe improvements are in line with GPTโ€™s strategy to continually add value to its existing portfolio to
provide premium customer experiences.โ€

According to a GPT a survey of tenants among its commercial portfolio has found that 91 per cent rank sustainability as being โ€œvery important or important to their businessโ€.

Better amenity
A key to the upgrade of the building was to โ€œgreater style, amenity and comfort for occupants and visitors while significantly reducing the environmental impact of the buildingโ€™s operations,โ€ a GPT report on the upgrade said.

โ€œVery visible to any visitor to the building is the new ground floor foyer that provides greater presence and a more inviting transparency through to the main Collins Street entrance.

โ€œIn addition to the impressive new entrance foyer, the property accommodates four levels of basement car parking and 36-levels of quality office accommodation.

โ€œThe refurbishment also includes new coffee shops, informal meeting spaces, interesting food options and a large seated area underneath the stunning atrium.

โ€œThe improvement of 530 Collins Street has provided economic, environmental and community returns.โ€

Tracking 5 Star Performance
A key to the work was an energy performance contract as a โ€œmechanism to upgrade plant and equipment in the building to improve efficiency, and to introduce a low carbon energy supply with the outcome being a guaranteed 5 star NABERS Energy rating.โ€

530-collins-street

The targets for the EPC, which started on 1 April this year are:

  • 5 star NABERS energy efficiency rating;
  • Energy savings of $360,000 a year;
  • A carbon reduction of 4700 tonnes a year
  • Achieving these savings without compromising on service or productivity of space.

โ€œThese targets result in a 40 per cent reduction in annual greenhouse emissions when compared to an industry average 2.5 star building.โ€

Most of these savings can be attributed to the co-gen plant, GPT said.

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