Australian property group Stockland is undertaking a portfolio-wide energy efficiency retrofit program, as well as the development of a market-leading Green Star design standard for new-build retirement living. Energy efficient initiatives implemented under the program will help make Stockland’s logistics centres, retirement living operations and corporate head offices more sustainable. The CEFC has committed up to A$75 million through a senior debt facility to finance the initiatives.
The work will include the design and construction of a new retirement living centre that will target a 35 per cent improvement in emissions reduction levels compared with current building code requirements. Stockland is aiming to achieve net zero emissions by 2030 across its logistics centres, retirement living operations and corporate head offices. It has already reduced its the carbon intensity of its commercial property assets by 57 per cent, alongside 33 million in investment in solar PV.
