The Holiday Inn Express at Southbank in Melbourne has been designed to dramatically reduce its energy consumption and achieve a 5-star National Australian Built Environment Rating System (NABERS) Energy rating in operation. To help achieve the 5-star rating, the Southbank Project is set to receive high performance glazing, high efficiency air-cooled chillers and condensing boilers and solar photovoltaic systems on the hotel’s roof.
CEFC committed AU$39 million to a construction and term debt facility as part of a co-financing for the AU$125 million project, and is effectively lifting the project from one targeting NABERS 4.5 stars to a 5-star Energy rating – which results in a hotel energy consumption saving of approximately 25 per cent. This investment will help set a benchmark within the sector as the CEFC works with Pro-invest to promote the insights and energy efficiency learnings gained.