The Australian Prime Property Fund (APPF) Commercial, managed by Lendlease Investment Management, has become the first fund in Australia to ever be awarded a 6 Star Green Star – Performance rating across its portfolio of assets.
The rating from the Green Building Council of Australia (GBCA) recognises the quality of the office buildings and precincts within APPF Commercial as well as Lendlease’s commitment to sustainability and innovation.
This follows the fund ranking as number one internationally out of 850 funds in the 2017 Global Real Estate Sustainability Benchmark.
“Becoming the first Australian 6 Star Green Star portfolio is testament to APPF Commercial’s continued leadership in owning and operating high performance green buildings,” said Josh McHutchison, Managing Director of Lendlease’s Australian Investment Management business.
“We’ve long held the belief that driving improvements across environment, social and governance aspects across the portfolio delivers buildings and precincts that are attractive to tenants, who are increasingly seeking high performance green buildings and the benefits they bring to thousands of employees and the broader community.
“Ultimately, these strong sustainability practices lead to increased returns to investors through improved operational efficiencies, as well as being the right thing to do.”
Romilly Madew, CEO of GBCA said: “Since Green Star was launched in 2002, Lendlease has demonstrated an industry-leading approach to sustainability in the built environment in Australia and around the globe.
“Achieving a 6 Star Green Star – Performance rating for an entire portfolio of assets once again elevates Lendlease’s commitment to sustainability. Lendlease now has positive proof that its portfolio of assets meets world leadership benchmarks for sustainable operations.
“Lendlease has many Green Star ‘firsts’ under its belt, including the first Green Star As-Built rating for completed construction, the first Green Star-rated community and the first building to achieve 6 Star Green Star ratings for design, construction, interiors and performance.
“The Lendlease team has also demonstrated, once again, that an uncompromising commitment to sustainability and innovation delivers outstanding outcomes for the environment, tenants, investors and the broader community.”