Curtin University in Western Australia has received $120 million in finance from the Clean Energy Finance Corporation for its new industry-connected innovation precinct, Exchange.
The new development will target a 5 star Green Star Design and As Built, which includes water recycling and energy minimisation initiatives.
InfraRed is the principal equity investor in the $300 million mixed-use “mini-city” development, which will include student and private accommodation, a hotel, commercial space and retail facilities.
There will be 1000 new beds for students, to be operated by St Catherine’s College and UniLodge Australia. There will also be a 60-room boutique hotel operated by Waldorf Australia Group, 38 apartments and 3000 square metres of commercial space.
The development will also have 15 retail shops including a grocery store and food and beverage outlets.
The aim is to save more than 2455 tonnes of carbon emissions annually through a high-performance building facade, energy efficient heating, ventilation and airconditioning, energy efficient internal lighting systems and more than 300kw of solar PV across the project.
This is the equivalent of taking about 520 cars off the road each year.
“University campuses are exciting microcosms of our future cities,” CEFC transaction lead Victoria Adams said.
“They bring together a wealth of experience and learning and represent enormous potential to develop and demonstrate how clean energy technologies can be integrated to deliver long-term sustainability benefits to communities.”
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According to InfraRed Capital Partners’ chief executive Werner von Guionneau, the project is a “further example of InfraRed’s commitment to sustainable infrastructure.”
“The project incorporates various sustainable initiatives and alternative energy generation sources to ensure long-term sustainability and reduce the overall impact of the development on the environment.”