The Australian Prime Property Fund Commercial (APPF Commercial) has 21 assets across NSW, Victoria, Queensland, ACT and South Australia. It is the first Australian fund to be awarded a 6-Star Green Star portfolio performance rating. It is also ranked at Number One on the 2017 Global Real Estate Sustainability Benchmark (GRESB) across all sectors and geographies. CEFC committed up to AU$100 million equity in the Fund and is targeting more than 40,000 tonnes of carbon emissions over the expected lifetime of the assets in the portfolio.
Through an agreement with the CEFC, Lendlease is targeting net zero emissions across the AU$4.5 billion commercial property portfolio as early as 2025. The net zero carbon goal is well ahead of the Australian Sustainable Built Environment Council’s call for buildings to achieve net zero carbon emissions by 2050 to meet international obligations.