Commonwealth Bank Place

Updated 11 June 2013

20 May 2013 — Lend Lease’s Darling Quarter and Commonwealth Bank Place development has snagged the awards for best new sustainable building and development of the year in the 2013 Property Council of Australia awards.

Brisbane building 215 Adelaide Street also picked up a gong for best sustainable existing building.

The six-star Green Star Office As Built Commonwealth Bank Place includes chilled beam cooling, a blackwater treatment and reuse facility, motion sensor lighting and a highly efficient building envelope. Eighty per cent of on-site construction waste was recycled.

The sustainability features of the building save 2500 tonnes of carbon emissions each year and reduce mains water consumption by 92 per cent.

“Commonwealth Bank Place is the largest commercial office development in Sydney’s CBD, and is an outstanding showcase for social, environmental and economic sustainability,” said Property Council of Australia chief executive Peter Verwer.

The Brisbane building 215 Adelaide Street also beat a tough crowd to win the Best Sustainable Development – Existing Buildings award.

The 30-year-old building in Brisbane’s CBD was given an upgrade by Norman Disney & Young, which upped its NABERS rating from 2.5 to 5 stars and also gained a 4.5-star NABERS Water rating.

NDY director Andrew Gentner said he was proud of the national recognition and the quality of work undertaken by the NDY environmental team.

“NDY has been intimately involved with this project for over five years through project inception, design, construction and finally fine tuning,” he said. “It was a pleasure to collaborate with such a gifted design team and this result is testament to the team’s input and innovation.”

According to Colliers, American real estate investment firm Pramerica purchased the building from Singapore sovereign wealth fund GIC for $134.5 million in April last year. The sale reflected an equivalent reversionary yield of 9.38 per cent.

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