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 industrial estates feature energy efficient design and renewable energy technology.
$75m
CEFC finance
$300m
sustainability linked loan
15%
reduction in embodied carbon
Our investment
The CEFC invested up to $75 million in a $300 million sustainability linked loan (SLL) issued by Frasers Property in April 2021 to back the development of Rubix Connect in Victoria and The Horsley Park Estate in New South Wales.
Under the terms of the SLL, the interest margin was linked to Frasers Property achieving a minimum four-star GRESB rating for its Australian development and standing-investment properties.
The CEFC investment was repaid in March 2026.
Repaid: March 2026
our impact
Other sustainability features adopted to reduce the operating emissions included passive design, LED lighting with advanced controls, energy monitoring systems and building electrification.
The distributed energy solution allowed Frasers Property and Real Utilities to take a long-term, strategic and active role in the management of their tenants’ energy needs.
The solution extended the benefits of clean energy to industrial tenants, for the cost of brown power. The biodiesel generator could also contribute power to the grid, increasing the energy resilience of these properties.
Frasers Property also achieved a minimum 15 per cent reduction in embodied carbon when measured against a code-compliant new facility. It used 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.
Williams Sonoma’s built-to-suit storage and distribution warehouse at The Horsley Park Estate was certified with a 5-star Green Star (Design & As-Built v1.3) rating by the Green Building Council of Australia. The innovative distribution centre was also named the Industrial Development of the Year at The Urban Developer Awards.1
At Rubix Connect industrial estate in Melbourne, the Real Utilities local energy network included 200 kWh of battery storage, and a 400 kVa biodiesel generator set, complemented by a 500 kW solar PV installation to generate clean energy on site.2
