76 Berry Street, North Sydney

1 June 2010 – Dexus was the clear winner in Round 5 of the Federal Government’s Green Building Fund grants,  with  $3.3 million approved to fund projects in six of its buildings.

The grants, designed to be matched on a dollar for dollar basis by the building owner, are to help commercial property owners retrofit buildings for energy efficiency

Coming in a close second in this latest round was the LIF Pty Ltd as trustee for Local Government Superannuation Fund with  $2.319 million approved for a special project over just one building –  76 Berry Street, North Sydney.

The funding – a much larger amount than usual for a single building –  is for  a “state of the art” tri-generation project that includes the “Shaw Method of Airconditioning and Bennett Clayton engine technology”. (See notes below for more information).

The project promises a massive 70 per cent reduction in greenhouse gas emissions than required to under 5 Star Green Star standards.

Other big winners include  Stockland with $1.16 million for three buildings –  40 Cameron Ave in Belconnen, ACT; Durack Centre in  Perth, WA; and 133 Castlereagh Street in Sydney.

Property owners that each won funding tranches of  $550,000 were: AMP Capital Investors for NAB House in Sydney; Colliers International (ACT) for 221 London Circuit in Canberra; Australian Unity for 40 Allara Street Canberra, Clarence property for Westlawn Property Trust’s 307 Queen Street, Brisbane; Norelco Investments as trustee for Peter Koh Family Trust’s 81 Flinders Street, Adelaide; and 443 Queen Street Trust’s 443 Queen Street, Brisbane.

Smaller amounts were allocated to Grosvenor Australia,  Commonwealth Property Office Fund, Valad and Investa.

Other winners were the Property Council of Australia which was allocated $220,000 for its Toolkit – Survival Strategies for Existing Office Buildings, designed to “deliver an innovative online toolkit for building owners and property industry professionals” to assist in retrofitting and building tuning; the Community Title Institute Queensland with a $73,867 amount for energy efficiency training for Body Corporate Practitioners and Committee Members; and the Australian Institute of Refrigeration Air Conditioning and Heating with $37,950 for a project to develop an “Australian Code of Best Practice for Commissioning and Recommissioning” activities in commercial office buildings.

Manager Green Building Fund, AusIndustry Bronwyn Williams said this latest round of offers would generate $73 million of investment and savings of 30,000 tonnes of carbon each year – and would bring the total expected savings from projects funded under the program to 158,000 tonnes of carbon annually.

A sixth and final round closed in April.

The Dexus projects will be in the Zenith Building at Chatswood, Sydney; Garema Court in Canberra; 321Kent Street, Sydney; 383 Kent Street, Sydney; 45 Clarence Street, Sydney;  309 Kent Street, Sydney

Stockland said yesterday  that said it was now a “step closer to reaching its target of reducing its greenhouse gas emissions intensity and energy use intensity by 20 percent across its Commercial Property portfolio by FY14, thanks to the Federal Government’s Green Building Fund.”

National sustainability manager, commercial property for Stockland  Amanda Steele  said Green Building Fund and government incentives had a “great impact” on building efficiency and carbon reductions.

The company expected 2 star upgrades in its NABERS ratings for each building, Ms Steele said.

NOTES
The Shaw Method of Airconditioning
According to Air Con Serve Pty Ltd
The Shaw Method of Airconditioning is a “twin-coil system”, “ the fifth and last of a number of air conditioning innovations developed by the late Dr Allan Shaw, formerly of The University of Adelaide”  aimed at energy reduction and airconditioning performance.

“The new system differs from conventional air conditioning processes in that,rather than drawing untreated outside air and then cooling it within the total air system,incoming outside air is pre-treated (dehumidified and cooled) by a separate,outside air coil before merging with inside air. Supply air is treated by the second coil,which belongs to the original conventional system.

“The twin-coil system prevents the need to use energy twice to overcool and reheat air in order to maintain humidity in the occupied space,and monitors and adjusts humidity levels,providing better control.”

Bennett Clayton Engine Technology
According to Bennett Clayton Pty Ltd the Bennett Clayton engine was developed invented and patented by John Bennett in the 1990s to enable the “conversion of diesel engines to a range of alternative and/or renewable fuels including LPG, LNG and bio-alcohols (including methanol and ethanol). These engines are designed to operate in traditional heavy-duty applications delivering significant improvements in fuel efficiency; power, and reduced emissions.”

You can view the complete list of  Green Building Fund funding offers here.