Healthcare Wholesale Property Fund sets new clean energy standards
Sustainability in healthcare
The Dexus Healthcare Property Fund owns Australia's first portfolio of hospital and healthcare assets that has an environmentally sustainable development focus. Leading real estate group Dexus is developing the fund, which has assets including the 12-storey 343-bed Calvary Adelaide Hospital and GP Plus Health Care Adelaide, North Shore Health Hub in St Leonards in Sydney and a medical research facility in Adelaide.
emissions reduction target
We're pleased to announce the securing of our foundation investors in the Healthcare Wholesale Property Fund and look forward to continuing to develop the fund. Investor interest in the sector has been strong, both domestically and globally, and we're excited by the growth opportunities this represents, with a second round of equity to be raised in 2018.Deborah CoakleyExecutive General Manager, Dexus
In December 2017, the CEFC committed up to $100 million to the Dexus Healthcare Wholesale Property Fund (HWPF). The fund was renamed in March 2021 as Dexus Healthcare Property Fund (DHPF).
There are currently no defined standards for energy efficiency in healthcare buildings and yet healthcare facilities typically use far more energy than standard office buildings because they often run extended hours, have high hot water consumption, air-conditioning and specialist medical equipment requirements.
The fund is targeting emissions reductions of 45 per cent in both new and existing buildings when compared to the Council of Australian Governments (COAG) Baseline Energy Consumption in commercial buildings. New buildings will target a 5 Star Green Star Design and As Built rating and target a Green Star Performance Rating.
Over the long term, the fund is targeting a portfolio of net zero carbon outcomes, including low-emission transport options, such as electric vehicles, ride-sharing and integration with local transport infrastructure. Tenants and hospital users will also be encouraged to adopt energy efficient practices.
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Clean energy and healthcare
How can Australia’s healthcare sector lower emissions while delivering the world class health services our community needs? The CEFC and leading property owner, manager and developer Dexus are working together to identify and implement practical solutionsRead more