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Green power for the price of brown at Frasers Property industrial sites

Green power for the price of brown at Frasers Property industrial sites
Location
New South Wales
Victoria
Investment
Property
Category
Low emissions
Energy efficiency
Renewable energy

Frasers Property is extending the benefits of clean energy to industrial tenants, offering clean, green power for no additional cost at two new industrial estates in Victoria and New South Wales. The new estates will boast energy efficient design and renewable energy technology

Innovative distributed energy generation models will be installed at Rubix Connect in Victoria and The Horsley Park Estate in New South Wales to deliver carbon neutral electricity through onsite solar, battery storage and a biodiesel generator. Frasers Property energy retailer Real Utilities will provide Climate Active certified carbon neutral electricity to the properties’ common areas and tenants. 

15%
reduction in embodied carbon
$300m
sustainability linked loan
$75m
CEFC investment

A range of sustainability features will be adopted to reduce the operating emissions to zero, including passive design, LED lighting with advanced controls, energy monitoring systems, solar PV, battery storage, biodiesel generation, building electrification and 100 per cent carbon neutral energy supply from Real Utilities. 

Frasers Property will also target a minimum 15 per cent reduction in embodied carbon when measured against a code compliant new facility. It will use features including steel in the fibre concrete slabs to reduce the amount of concrete used, as well as the procurement of materials with embodied carbon disclosures. 

The work is financed by Frasers Property’s $300 million sustainability linked loan (SLL). Under the terms of the SLL, Frasers Property will receive a lower interest rate by targeting a minimum 4-star GRESB rating on its development and standing investment Australian properties. The CEFC has invested up to $75 million in the SLL. 

We are delighted to collaborate with the CEFC. Our work together demonstrates Real Utilities’ commitment to providing innovative and carbon neutral energy solutions for our customers, consistent with our ambition to become an industry leader in sustainability.
Paolo Bevilacqua
General Manager, Real Utilities

Frasers Property and Real Utilities are part of the Frasers Property Group, a multi-national developer-owner-operator of real estate products and services across the property value chain.  All Frasers Property Australian operations are certified carbon neutral under the Australian Government's Climate Active Carbon Neutral Standard. Frasers Property Australia has also set a target to be net zero carbon by 2028, which has been validated by the Science Based Targets Initiative. 

New South Wales, Victoria, Property, Low emissions, Energy efficiency, Renewable energy