sustainability

Two of the biggest players in commercial property have embarked on new initiatives to power their assets with renewable sources of electricity as the nation transitions to a carbon neutral world.

As the nation transitions to a carbon zero world, experts say even newly-built commercial properties will need to invest in improving their energy performance.

The design, build and reuse of materials in commercial properties – principles of a circular economy – can lead to a more sustainable future for the construction industry in Australia, and across the world.

A new report has found there are a multitude of opportunities for Australia’s commercial property sector to capitalise on green finance, with socially conscious investment strategies a key driver.

Developer TOGA has joined the rush for new city fringe projects winning development approval for a major office complex at Green Square in inner Sydney.

The private Milligan Group has won initial approval for plans to develop a near $2bn skyscraper in the heart of the Sydney CBD.

In a first for Sydney, a hotel constructed using a new form of sustainable timber has changed hands as investors continue to swoop on the inner city commercial property market.

New data has found the estimated insurance loss from the flooding in parts of NSW and Queensland earlier this year has reached more than $4 billion. For many business owners, affording the insurance premiums has been a major hurdle in the rebuilding process.

The lack of actual greenery in top-rated environmental projects has prompted criticism of how standards are being applied.