The work is financed by Frasers Property’s $300 million sustainability linked loan (SLL). Under the terms of the SLL, Frasers Property will receive a lower interest rate by targeting a minimum 4-star GRESB rating on its development and standing investment Australian properties. The CEFC has invested up to $75 million in the SLL.
A range of sustainability features will be adopted to reduce the operating emissions to zero, including passive design, LED lighting with advanced controls, energy monitoring systems, solar PV, battery storage, biodiesel generation, building electrification and 100 per cent carbon neutral energy supply from Real Utilities.
