CEFC finance will help Barwon Institutional Healthcare Property Fund improve the energy efficiency and comfort of a range of healthcare and medical facilities around Australia. The CEFC announced taking an A$80 million equity stake in the Barwon Institutional Healthcare Property Fund which has 14 healthcare property assets across Australia and is planning to acquire more.
The investment will improve the energy performance of existing assets to achieve carbon emissions reductions of about 40 per cent when compared with the Council of Australian Governments (COAG) Baseline Energy Consumption in commercial buildings. Measures include rooftop solar, energy efficient Heating Ventilation and Air Conditioning (HVAC) systems, lighting upgrades and building monitoring systems. The CEFC’s equity is part of a broader A$375 million capital raising which involves several large Australian superannuation funds.