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EG Delta ESG
Fund Name
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4000sqm
NLA
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Target NABERS Energy
42 Macquarie Street is a 30-year-old multi-let 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.
EG is delivering a rebranded office building for small to medium sized businesses and is executing a targeted leasing strategy to bring the asset to full occupancy.
EG is targeting a 70% reduction in electricity savings and improving NABERS energy ratings from 3, at acquisition, to 5.5 stars through operational and capex investment. This includes an on-site solar array which will power 60% of the base building. The asset has also achieved a 5.5-star water rating. Further, the fund is taking action to mitigate climate change and advance net-zero buildings.
"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."
