At Fort Street Real Estate Capital, we believe we have a social and economic responsibility to reduce our impact on both the local and global environment. That is why we are committed to and invested in improving the environmental, social and governance aspects of our assets.
Improving in these areas has the potential to provide not only an environmental return for the local and global community, but positive financial returns for our investors as well. Solar panel installation has proven to reduce the electricity expense across a number of our assets. Additionally, several current and prospective tenants have their own sustainability and environmental targets that guide decision making within their business. Effectively, improving the sustainability of our assets has the potential to lower costs for both tenants and ourselves, increase asset income, improve tenant retention and increase the assets value.
Total kW of solar capacity installed:
- Lynbrook Village – 370kW
- Noosa Village – 250kW
- Birkdale Fair – 300kW
- Windsor Riverview – 60kW
- 241 O’Riordan St, Mascot – 90kW
- Hilton Plaza – 40kW
- Toormina Gardens – 300kW
- Total 1,410kW (1.4MW)
Our solar systems are expected to generate enough clean energy to take approximately 490 cars off the road each year.1 Furthermore, a solar installation is underway at Marketfair Campbelltown (100kW).
241 O’Riordan St, Mascot:
- Upgraded building management system (BMS), high efficiency heating, ventilation and air-conditioning (HVAC) system across all floors, and installation of LEDs at 241 O’Riordan St, Mascot.
- We have installed smart metering systems, low-flow showerheads and taps and additional submetering that will allow for quick identification and action on leaks or unusual activity at the asset.
- We are on track to reach a NABERS Energy Rating of 5 Stars for this building.
An underground water harvesting system to catch rainwater has been recommissioned, recycling rainwater to the centre.