Industrial and logistics fund targets greener assets
Transforming the industrial property sector
The Charter Hall Prime Industrial Fund, one of Australia’s largest industrial and logistics funds, is enhancing its green strategy to transform the industrial property sector.
Green Star Design and As Built rating
Charter Hall is committed to continuous improvement in ESG performance across our portfolio. The CEFC investment is an endorsement of our plans to improve the operational performance of our buildings and deliver to our tenant customers a consistent high performing product.Sean McMahonChief Investment Officer, Charter Hall
The CEFC has committed $50 million to the Charter Hall Prime Industrial Fund (CPIF), in its first pure play investment in the industrial property sector. CPIF has 75 assets across Australia, including warehouses, industrial estates and distribution centres with a diverse range of large tenants. 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. The CEFC investment in CPIF is helping drive sustainability measures across its 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 two million square metres of roof space in its portfolio, as well as 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.