1 June 2026 – EG has successfully completed the sale of 42 Macquarie Street, Barton ACT, a 4,054sqm office building in Canberra’s established Barton precinct, for $25.125 million. Settlement occurred on 22 May 2026, delivering returns to investors in the EG Delta ESG Property Fund that exceeded the fund’s financial benchmark and outperformed MSCI.
The asset was acquired in March 2018 as part of the EG Delta ESG Property Fund’s core-plus strategy, which targets well-located existing Australian office and industrial assets and drives measurable uplift in their ESG performance. From acquisition, EG implemented a staged active asset management program that paired tangible sustainability gains with value creation, transforming the building’s environmental profile.
Over the hold period, the building’s NABERS Energy rating improved from 3.0 stars at acquisition to 5.0 stars at divestment — a two-star uplift that places the asset among the highest-performing office buildings in its class. Total annual energy consumption nearly halved, falling from over 411,000 kWh at acquisition to approximately 215,000 kWh at divestment. Asset occupancy improved from 61% at acquisition to 100% at sale.
Annual operational emissions were reduced by 75%, from 173 tCO₂e at acquisition to just 42.5 tCO₂e in CY25 — a material decarbonisation outcome delivered through active management supported by targeted capital investment.
A key driver of this performance was the installation of a 95 kW behind-the-meter solar system in June 2023, which now generates over 136,000 kWh of renewable electricity annually, supplying approximately 63% of the building’s electricity needs. This was complemented by building management system upgrades and ongoing plant tuning and optimisation to drive continuous efficiency gains.
EG’s active management approach extended beyond environmental metrics to the experience of the building’s occupants. Through the Good Work tenant engagement program, delivered in partnership with the Little BIG Foundation, reported building occupant satisfaction with the building community improved by 48%, while reported loneliness fell by 24% over the same period. These outcomes reflect EG’s belief that truly sustainable buildings must also serve their communities.
The sale attracted competitive buyer interest, reflecting sustained demand for high-quality, well-located office assets with strong sustainability credentials in Canberra’s tightly held government precinct. The transaction was brokered by Matthew Meynell and Matthew Winter of Colliers, and Mitch Frail and Tim Mutton of JLL.
“42 Macquarie Street validates EG’s core belief that doing the right thing for the environment and the community should also enhance financial outcomes for investors,” said Roger Parker, Managing Director at EG. “Beating MSCI while cutting operational emissions by 75% isn’t a trade-off; it’s the outcome when you manage assets the right way.”
The divestment of 42 Macquarie Street represents a further demonstration of EG’s ability to deliver on its commitment to generating strong investor outcomes while leaving assets, communities and the environment better than it found them.