By: Peter Trousdale On: December 20, 2022 In: Comments: 0

“The CEFC commitment of up to $70 million in debt finance for the Melbourne T3 Collingwood development is the first project to be financed through the specialist CEFC Timber Building Program. The CEFC has nominally allocated $300 million to the Timber Building Program, to help kick start mass timber construction in Australia, which has the potential to substantially reduce embodied carbon.

The 15-storey prime-grade office tower, located at 36 Wellington St Collingwood, will be one of Melbourne’s tallest hybrid mass timber buildings. It will deliver a dual emissions reduction impact – cutting embodied carbon levels by as much as 40 per cent1 during the construction phase and, once operational, target market leading net zero emissions. “

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