14 March 2012 – Lend Lease can now claim that the sustainable design of its $500 million Commonwealth Bank Place in Sydney is now matched by the final construction, following the building’s achievement of a six star Green Star office As Built version 3 rating, the first in Sydney.

Chief executive officer for developer Lend Lease’s Australian business, Mark Menhinnitt, said the rating, from the Green Building Council of Australia, was considered the most challenging to achieve and illustrated the continuing aim to push the boundaries of sustainable development.

“We are seeing a real commitment from the property industry and governments at all levels, as well as the community, to tackle a major contributor of carbon emissions – our cities. Achieving this rating brings us one step closer in the journey towards sustainable precincts and eventually sustainable cities,” Mr Menhinitt said.

Sustainable outcomes achieved by Commonwealth Bank Place include potable water reduction of 90 per cent through rainwater harvesting and onsite water recycling, carbon emission reduction through energy efficient design, such as chilled beam and single pass fresh air systems, trigeneration technology and a high performance façade.

Importantly, the building and its systems also provide a healthy and highly productive workspace for its tenants, Mr Menhinitt claimed.

There is also a family/leisure precinct with extensive public amenities including a retail food precinct a family playground, a community green, youth theatre; and 600 bay public car park.

The Darling Quarter development was funded and has been acquired by the Lend Lease managed APPF Commercial in joint venture with one of its existing offshore institutional investment partners and was developed in collaboration with the Sydney Harbour Foreshore Authority.