Charter Hall’s flagship industrial and logistics fund targets greener assets
- Energy efficiency
- Low emissions
- Renewable energy
Charter Hall Prime Industrial Fund (CPIF), one of Australia’s largest industrial and logistics funds, is enhancing its green strategy to transform the industrial property sector.
The $5.5 billion CPIF has 75 assets across Australia, including warehouses, industrial estates and distribution centres with a diverse range of large tenants. The CEFC committed $50 million to the CPIF, in its first pure play investment in the industrial property sector. The CEFC investment aims to help drive sustainability measures across the CPIF’s extensive portfolio of assets and influence the sustainability profile of some of Australia’s largest companies.
The CPIF is considering multiple innovative sustainability solutions across its industrial and logistics assets. These include looking at optimised solutions in the use of solar PV panels across the 2 million sqm of roof space in its portfolio, as well its potential to be converted into a renewable energy resource to supply clean energy and grid services. It will also consider carbon neutral developments targeting a 5 Star Green Star Design and As Built rating for its $900 million development pipeline, embedded networks, batteries and waste diversion strategies and working with tenants to improve their sustainability outcomes and reduce energy consumption.
The CPIF is working with the CEFC to identify demonstration projects to showcase exemplar energy efficiency solutions, clean energy enabling activities as well as carbon neutral developments.
As long-term industrial tenants look for more sustainable property to help meet their ESG targets, the industrial property sector provides important opportunities to further decarbonise Australia’s economy.
National, Property, Energy efficiency, Low emissions, Renewable energy