28 May 2014

Sydney shopping centre first in country to sign up for Green Star – Performance rating

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International research has shown that retail centres that adopt green building principles, such as prioritising natural light and ventilation, and incorporating materials that are low in harmful chemicals, can improve retail takings.  “A Green Star rating spells lower operating costs and can mean faster attraction of tenants and buyers, increased employee productivity and engagement, and improved asset value.”

Chatswood Chase in Sydney is the first shopping centre in Australia to sign up for a Green Star – Performance rating, a tool launched by the Green Building Council of Australia (GBCA) last October to assess and improve the ongoing energy, water and resource efficiency of existing buildings.

Owned by CFS Retail Property Trust Group (CFX), Chatswood Chase will be assessed against best practice benchmarks for sustainable building operations under this rating tool, with identified pathways to improve and future proof the asset.

“As our shopping centres are focal points of their communities, we set high standards in managing them and we have focused on improving the efficiency of our assets for some time now,” head of Sustainability for CFX, Rowan Griffin, says.

“Improving the operational performance of our centres reduces outgoings, which is better for both our tenants and our investors.”

Check full article at: http://www.architectureanddesign.com.au/news/sydney-shopping-centre-first-in-country-to-sign-up