7 April 2014 — Sydney’s Chatswood Chase has become the first shopping centre to register for a Green Star – Performance rating.
The tool is part of the Green Building Council of Australia’s push into existing building sustainability, assessing operational efficiency on metrics such as energy, water and resource use. It will enable Chatswood Chase to measure itself against best practice benchmarks and help to identify ways to improve performance.
“Improving the operational performance of our centres reduces outgoings, which is better for both our tenants and our investors,” head of sustainability for CFX Rowan Griffin said.
“Sustainability initiatives and rating tools like the Green Star – Performance tool are essential in being able to benchmark our successes and drive areas for further improvement.”
GBCA chief executive Romilly Madew said the shopping centre’s owner, CFS Retail Property Trust Group (CFX), was an exception to a wider trend of retail lagging on sustainability.
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“CFX achieved one of the first Green Star ratings for a retail centre – Chadstone Shopping Centre in Melbourne – and we are looking forward to seeing Chatswood Chase achieve one of the nation’s first Green Star – Performance ratings,” Ms Madew said.
Ms Madew said the tool allowed existing shopping centres to put themselves on equal footing with new centres, and share in the benefits green building offered the retail sector.
“A Green Star rating spells lower operating costs and can mean faster attraction of tenants and buyers, increased employee productivity and engagement, and improved asset value,” she said.