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Charter Hall to build first net zero office building

Charter Hall will deliver its first net zero emissions office at 60 King William Street in Adelaide, which is set to lay the groundwork for further sustainable real estate.

Charter Hall will deliver its first net zero emissions office at 60 King William Street in Adelaide, which is set to lay the groundwork for further sustainable real estate.

The 60 King William Street project will integrate all electric mechanical central plant, climate friendly refrigerant and once complete will be powered by 100 per cent renewable energy.

Charter Hall is targeting a 5 Star NABERS Indoor Environment Quality Rating and a WELL Platinum certification, which will be a first for the South Australian market.

The design seeks to optimise indoor air quality, thermal services, acoustic comfort, lighting, and office layout.

The company signed an agreement to supply 100 per cent renewable electricity for base building operations, covering 1.5 million square metres of workplace assets in its portfolio with renewable power, representing $19.04 billion in gross asset value.

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This accounts for 100 per cent of electricity contracts in Charter Hall’s management control within the office portfolio and 65 per cent of Charter Hall’s Group electricity purchase. This has been procured as a net electricity cost saving creating environmental value alongside financial for tenant customers and investors.

Charter Hall has also commenced assessment of long-term renewable electricity direct supply options as part of its approach to achieving and maintaining net zero in operation.

Charter Hall Office CEO, Carmel Hourigan, said 60 King William Street sets a new benchmark for Office.

“Sustainability is a top priority at Charter Hall, and we know that our capital partners and tenant customers are actively seeking out places that align with and support their sustainability goals as well. Today’s announcement further demonstrates our commitment to making smart, sustainable investments,” Hourigan said.

“We continue to measure our performance based on a comprehensive set of ESG criteria alongside key financial and customer metrics, driving us to make decisions that have wide reaching benefits. In doing so, we actively create opportunities to deploy capital into existing assets to improve sustainability standards, as well as new developments to deliver lower carbon outcomes. We are proud of the progress that we’ve made and continue to increase our momentum as we progress our pathway to net zero by 2030.”

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