Nigel Greenaway

Former Eureka Funds Management executive Nigel Greenaway has been appointed chief executive  of energy efficiency technology company EP&T.

EP&T global managing director and company founder Keith Gunaratne said the move would be a significant addition to the company’s skills and capability.

“Nigel’s experience will help underpin our executive team’s experience with the momentum we have in our global expansion,” Mr Gunaratne said.

Mr Greenaway brought “extensive commercial property investment and asset management experience to the role, having been at the forefront of hotel and commercial property investment in the financial services sector”.

Mr Greenaway was with Eureka for 10 years joining the team from Colonial First State to manage the Eureka Core Fund No 1. He told The Fifth Estate he first worked with EP&T in the energy efficiency management of the fund’s hotel portfolio four years ago.

The technology created savings that “in the worst case were 30 per cent and 40 per cent in the best”, he said.

Mr Greenaway, an accountant by training, said he was looking forward to the new role.

He said the focus on income and efficiency was stronger than ever post-GFC.

“There is no doubt that delivering sustainable energy efficiency for building owners is paramount in driving real value-add investment returns as well meeting the ever increasing expectations of building occupants in terms of sustainable initiatives. I look forward to working with EP&T’s Australian clients in continuing to deliver building energy efficiencies and introducing these benefits to many more building owners and operators across Australia.

“I am equally excited to be supporting EP&T’s global growth initiatives in the UK and Hong Kong,” he said.

The company uses technology to reduce energy using “big data” to identify inefficiencies and wastage.

Clients include British Land, BBC and Derwent London in the UK and in Australia, Stockland, Investa, Charter Hall, as well the InterContinental, Crowne Plaza, Holiday Inn and Rydges hotels.