- $15.47 million
East Block is is a heritage office located within Canberra’s Parliamentary Triangle surrounded by key social, economic, and transport infrastructure.
HISOT is an ethical investment philosophy that targets commercial returns in conjunction with improving energy efficiency. This is achieved by acquiring Australian office assets with opportunity to add value through active asset management.
The property was acquired on a sale and 100% lease back basis from the Federal Government with the National Archives of Australia remaining a tenant of the property following the completion of a capital works program.
EG is targeting improving NABERS energy ratings from 1, at acquisition, to at least 4.5 stars through operational and capex investment.
EG are pleased to see the compelling sustainable investment fund launch with a strongly placed asset that will benefit from the uplift in energy savings and active asset management strategy.