Target NABERS Energy
East Block is is a heritage office located within Canberra’s Parliamentary Triangle surrounded by key social, economic, and transport infrastructure.
EG Delta’s investment thesis is that improving ESG underperforming assets in the built environment may produce a higher environmental and social impact. This can be demonstrated with a thorough “outcomes-based” measuring methodology.
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 is 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."